California Civil Code CHAPTER 2b - Automobile Sales Finance Act

• Section 2981.
  As used in this chapter, unless the context otherwise requires:(a) “Conditional sale contract” means:(1) A contract for the sale of a motor vehicle between a buyer and...
• Section 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...
• Section 2981.7.
  All contracts entered into between a buyer and a seller on or after January 1, 1983, shall provide for the calculation of the finance charge...
• Section 2981.8.
  No contract shall provide for a finance charge which is determined in part by the precomputed basis and in part by the simple-interest basis except...
• Section 2981.9.
  Every conditional sale contract subject to this chapter shall be in writing and, if printed, shall be printed in type no smaller than 6-point, and...
• Section 2982.
  A conditional sale contract subject to this chapter shall contain the disclosures required by Regulation Z, whether or not Regulation Z applies to the transaction....
• Section 2982.1.
  It shall be unlawful for any seller to induce or attempt to induce any person to enter into a contract subject to this chapter by...
• Section 2982.2.
  (a) Prior to the execution of a conditional sale contract, the seller shall provide to a buyer, and obtain the buyer’s signature on, a written disclosure...
• Section 2982.3.
  (a) The holder of a conditional sale contract may, upon agreement with the buyer, extend the scheduled due date or defer the scheduled payment of all...
• Section 2982.5.
  (a) This chapter may not be deemed to affect a loan, or the security therefor, between a purchaser of a motor vehicle and a supervised financial...
• Section 2982.7.
  (a) Any payment made by a buyer to a seller pending execution of a conditional sale contract shall be refunded to the buyer in the event...
• Section 2982.8.
  (a) If a buyer is obligated under the terms of the conditional sale contract to maintain insurance on the vehicle and subsequent to the execution of...
• Section 2982.9.
  In the event a buyer obligates himself to purchase, or receive possession of, a motor vehicle pursuant to a contract or purchase order, and the...
• Section 2982.10.a.
  (a) In consideration of the assignment of a conditional sale contract, the seller shall not receive or accept from the assignee any payment or credit based...
• Section 2982.11.
  (a) Prior to the execution of a conditional sale contract that includes a charge for an electric vehicle charging station, the seller shall provide the buyer...
• Section 2983.
  (a) Except as provided in subdivision (b), if the seller, except as the result of an accidental or bona fide error in computation, violates any provision...
• Section 2983.1.
  (a) If the seller or holder of a conditional sale contract, except as the result of an accidental or bona fide error of computation, violates any...
• Section 2983.2.
  (a) Except where the motor vehicle has been seized as described in paragraph (6) of subdivision (b) of Section 2983.3, any provision in any conditional sale...
• Section 2983.3.
  (a) In the absence of default in the performance of any of the buyer’s obligations under the contract, the seller or holder may not accelerate the...
• Section 2983.35.
  (a) If a creditor has requested a cosigner as a condition of granting credit to any person for the purpose of acquisition of a motor vehicle,...
• Section 2983.37.
  (a) After a sale of a vehicle under this chapter, a buy-here-pay-here dealer, as defined in Section 241 of the Vehicle Code, shall not do any...
• Section 2983.4.
  Reasonable attorney’s fees and costs shall be awarded to the prevailing party in any action on a contract or purchase order subject to the provisions...
• Section 2983.5.
  (a) An assignee of the seller’s right is subject to all equities and defenses of the buyer against the seller, notwithstanding an agreement to the contrary,...
• Section 2983.6.
  Any person who shall willfully violate any provision of this chapter shall be guilty of a misdemeanor.(Added by Stats. 1968, Ch. 1338.)
• Section 2983.7.
  No conditional sale contract shall contain any provision by which:(a) The buyer agrees not to assert against the seller a claim or defense arising out of...
• Section 2983.8.
  Notwithstanding Section 2983.2 or any other provision of law, no deficiency judgment shall lie in any event in any of the following instances:(a) After any sale...
• Section 2984.
  Any failure to comply with any provision of this chapter (commencing with Section 2981) may be corrected by the holder, provided, however, that a willful...
• Section 2984.1.
  Every conditional sale contract shall contain a statement in contrasting red print in at least 8-point bold type which shall satisfy the requirements of Section...
• Section 2984.2.
  (a) No conditional sale contract, and no agreement between a seller and a buyer made in connection with a conditional sale contract, may provide for the...
• Section 2984.3.
  Any acknowledgment by the buyer of delivery of a copy of a conditional sale contract or purchase order and any vehicle purchase proposal and any...
• Section 2984.4.
  (a) An action on a contract or purchase order under this chapter shall be tried in the superior court in the county where the contract or...
• Section 2984.5.
  (a) A seller shall maintain the following documents for at least seven years or the length of the conditional sales contract, whichever is longer:(1) A copy of...
• Section 2984.6.
  A holder of a conditional sales contract, purchase order, or security interest, or the agent of a holder, who has received a notice pursuant to...

Last modified: October 22, 2018