California Civil Code

§ 1812.635

CIV § 1812.635 Effective Jan 1, 1995Div. 3 · Title 2.96 · Part 4

Statute text

(a)A lessor shall not sell, or offer for sale, a service contract for the rental property if that service contract provides any coverage while the rental-purchase agreement is in effect.

(b)A lessor may sell, or offer for sale, a service contract providing coverage for the rental property after the consumer acquires ownership of that property, if both of the following conditions are satisfied:

(1)The lessor does not sell, or offer to sell, the service contract before (A) the consumer pays at least one-half of the total number of periodic payments necessary to acquire ownership of the property or (B) the consumer acquires ownership of the property, as provided in Section 1812.632, whichever occurs first.

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Legislative history

Added by Stats. 1994, Ch. 1026, Sec. 1. Effective January 1, 1995.