Chapter 2b. Automobile Sales Finance Act - California Civil Code Section 2981.5

2981.5.  A contract for the bailment or leasing of a motor vehicle,
with or without accessories, which establishes the maximum for which
a bailee or lessee could be held liable at the end of the lease or
bailment period, or upon an earlier termination, by reference to the
value of the vehicle at such time, is not a contract by which the
bailee or lessee will become or for no other or for a nominal
consideration has the option of becoming the owner of the vehicle,
for the purposes of paragraph (2) of subdivision (a) of Section 2981
or any other provision of this chapter.

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Last modified: February 16, 2015