California Civil Code

§ 1748.13

CIV § 1748.13 Effective Jan 1, 2023Div. 3 · Title 1.3A · Part 4

Statute text

(a)A credit card issuer shall, with each billing statement provided to a cardholder in this state, provide the following on the front of the first page of the billing statement in type no smaller than that required for any other required disclosure, but in no case in less than 8-point capitalized type:

(1)A written statement in the following form: “Minimum Payment Warning: Making only the minimum payment will increase the interest you pay and the time it takes to repay your balance.”

(2)Either of the following:

…

Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 19. (SB 1498) Effective January 1, 2023.