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California Civil Code Section 1803.11

1803.11. 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.

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

Section: Previous  1803.1  1803.2  1803.3  1803.4  1803.5  1803.6  1803.7  1803.8  1803.9  1803.10.a  1803.11  

Last modified: September 9, 2016