California Business and Professions Code

§ 17538.7

BPC § 17538.7Div. 7 · Part 3 · Ch. 1 · Art. 2

Statute text

(a)It is unlawful for a seller to advertise any payment, number of payments, or period of repayment for any goods, property, or services purchased through an extension of consumer credit under an open-end credit plan accepted for purchases by more than one seller unless the seller clearly and conspicuously discloses all of the following:

(1)The cash price and the amount or percentage of a downpayment, if any.

(2)The monthly or other periodic payment, the number of payments or the period of repayment, the total amount of all payments, and whether the monthly or other periodic payment is calculated on the assumption that the purchaser has no outstanding balance due under the open-end credit plan, if that is the case.

…

Legislative history

Added by Stats. 1985, Ch. 734, Sec. 1.