California Civil Code

§ 1803.11

CIV § 1803.11Div. 3 · Title 2 · Part 4 · Ch. 1 · Art. 3

Statute text

It shall be unlawful for any seller to solicit buyers, in any advertisement, to enter into a retail installment contract with it if the seller does not intend to sell that retail installment contract to a financing agency or other assignee, unless the advertisement clearly states the periodic rate or range of periodic rates, expressed as an annual percentage rate or a range of annual percentage rates that will be used to determine the finance charge imposed on the retail installment contract.

Legislative history

Added by Stats. 1991, Ch. 819, Sec. 1.