Court Opinions

State Laws

US Code

US Constitution

California Civil Code Section 1747.94

Legal Research Home > California Lawyer > Civil Code > California Civil Code Section 1747.94

(a) In addition to any other disclosures required by law,
a card issuer of a secured credit card shall, in every advertisement
or solicitation to prospective cardholders, expressly identify the
credit instrument offered as a "secured credit card" and prominently
disclose that credit extended under the secured credit card is
secured, and shall describe the security by item or type.
   (b) Any deed of trust executed in connection with a secured credit
card shall contain a statement that it is security for a secured
credit card obligation.  However, failure to include the statement
shall not invalidate the deed of trust.
   (c) This section does not apply to either of the following:
   (1) Any credit card which is issued under an agreement or other
instrument creating a purchase money security interest in property
purchased with the credit card, but which does not pledge,
hypothecate, or place a lien on other property of the cardholder or
any co-obligor.
   (2) Loans or extensions of credit subject to the Federal Home
Equity Loan Consumer Protection Act of 1988 (P. L. 100-709).
   (d) Any violation of this section shall constitute unfair
competition within the meaning of Section 17200 of the Business and
Professions Code.

Last modified: January 12, 2009