California Civil Code

§ 2957

CIV § 2957Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 3

Statute text

The following definitions shall apply for the purposes of this article:

(a)“Arranger of credit” means:

(1)A person, other than a party to the credit transaction (except as provided in paragraph (2)), who is involved in developing or negotiating credit terms, participates in the completion of the credit documents, and directly or indirectly receives compensation for arrangement of the credit or from any transaction or transfer of the real property which is facilitated by that extension of credit. As used in this paragraph, “arranger of credit” does not apply to an attorney who is representing one of the parties to the credit transaction.

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Legislative history

Amended by Stats. 1986, Ch. 1360, Sec. 2.