California Civil Code

§ 1785.20.1

CIV § 1785.20.1 Effective Jan 1, 1993Div. 3 · Title 1.6 · Part 4 · Ch. 3

Statute text

(a)Except as provided in subdivision (b), any person who uses a consumer credit report in connection with any credit transaction not initiated by the consumer and which consists of a firm offer of credit shall provide with any solicitation made to the consumer a clear and conspicuous statement as to all of the following:

(1)Information contained in the consumer’s prequalifying report was used in connection with the transaction.

(2)The consumer received the offer of credit, because the consumer satisfied the criteria for creditworthiness under which the consumer was selected for the offer.

…

Legislative history

Added by Stats. 1992, Ch. 1194, Sec. 9.5. Effective January 1, 1993. Operative July 1, 1993, by Sec. 13 of Ch. 1194.