California Civil Code ARTICLE 2 - Definitions

Section 1802.
Unless the context or subject matter otherwise requires, the definitions given in this article govern the construction of this chapter.(Added by Stats. 1959, Ch. 201.)
Section 1802.1.
“Goods” means tangible chattels bought for use primarily for personal, family or household purposes, including certificates or coupons exchangeable for such goods, and including goods...
Section 1802.2.
“Services” means work, labor and services, for other than a commercial or business use, including services furnished in connection with the sale or repair of...
Section 1802.3.
“Retail seller” or “seller” means a person engaged in the business of selling goods or furnishing services to retail buyers.(Added by Stats. 1959, Ch. 201.)
Section 1802.4.
“Retail buyer” or “buyer” means a person who buys goods or obtains services from a retail seller in a retail installment sale and not principally...
Section 1802.5.
“Retail installment sale” or “sale” means the sale of goods or the furnishing of services by a retail seller to a retail buyer for a...
Section 1802.6.
“Retail installment contract” or “contract” means any contract for a retail installment sale between a buyer and seller, entered into or performed in this state,...
Section 1802.7.
“Retail installment account” or “installment account” or “revolving account” means an account established by an agreement entered into in this state, pursuant to which the...
Section 1802.8.
“Cash price” means the cash price stated in a retail installment contract for which the seller would sell or furnish to the buyer and the...
Section 1802.9.
“Total sale price” means the total of the cash price of the goods or services, the amounts, if any, included for insurance, official fees, and...
Section 1802.10.a.
“Finance charge” means the amount however denominated or expressed which the retail buyer contracts to pay or pays for the privilege of purchasing goods or...
Section 1802.11.
(a) “Amount financed” means the amount required to be disclosed pursuant to paragraph (7) of subdivision (c) of Section 1803.3.(b) “Unpaid balance” means the cash price of...
Section 1802.12.
“Total of payments” means the amount required to be disclosed pursuant to subdivision (h) of Section 226.18 of Regulation Z. The term includes any portion...
Section 1802.13.
“Holder” means the retail seller who acquires a retail installment contract or installment account executed, incurred or entered into by a retail buyer, or if...
Section 1802.14.
“Official fees” means the fees required by law and actually to be paid to the appropriate public officer to perfect a lien or other security...
Section 1802.15.
“Person” means an individual, partnership, corporation, limited liability company, association or other group, however organized.(Amended by Stats. 1994, Ch. 1010, Sec. 43. Effective January 1,
Section 1802.16.
“Financing agency” means a person engaged in this State in whole or in part in the business of purchasing retail installment contracts, or installment accounts...
Section 1802.17.
“Billing cycle” means the time interval between regular monthly billing statement dates.(Repealed and added by Stats. 1970, Ch. 546.)
Section 1802.18.
“Regulation Z” means any rule, regulation, or interpretation promulgated by the Board of Governors of the Federal Reserve System (“Board”) under the Federal Truth in...
Section 1802.19.
(a) For the purposes of this chapter, a retail installment contract, contract, retail installment account, installment account, or revolving account shall be deemed to have been...
Section 1802.20.a.
“Simple-interest basis” means the determination of a finance charge, other than an administrative finance charge, by applying a constant rate to the unpaid balance as...
Section 1802.21.
“Precomputed basis” means the determination of a finance charge by multiplying the original unpaid balance of the contract by a rate and multiplying that product...

Last modified: October 22, 2018