California Civil Code

§ 1789.16

CIV § 1789.16 Effective Jan 1, 2023Div. 3 · Title 1.6E · Part 4

Statute text

(a)A credit services organization shall not provide any service to a consumer except pursuant to a written contract that complies with this section. Every contract between the consumer and a credit services organization for the purchase of the services of the credit services organization shall identify the physical address, electronic mail address, and facsimile number if applicable, of the credit services organization, shall be in writing, shall be dated, shall be signed by the consumer, and shall include all of the following:

(1)A conspicuous statement in size equal to at least 10-point boldface type, in immediate proximity to the space reserved for the signature of the buyer, as follows: “You, the consumer, may cancel this contract at any time before midnight on the fifth working day after you sign it. See the attached notice of cancellation form for an explanation of this right.”

(2)The terms and conditions of payment, including the total of all payments to be made by the consumer, whether to the credit services organization or to some other person.

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Legislative history

Amended by Stats. 2022, Ch. 965, Sec. 8. (AB 2424) Effective January 1, 2023.