California Business and Professions Code

§ 17577.5

BPC § 17577.5 Effective Jan 1, 2011Div. 7 · Part 3 · Ch. 1 · Art. 6

Statute text

(a)No contract or offer for the sale, lease, or rental of a home water treatment device and no purchase money loan, as defined in subdivision (b), shall provide for a lien on real property. Any lien taken in violation of this section is void and unenforceable.

(b)For the purpose of this section, “purchase money loan” means a loan or an advance under an open-end credit account if both of the following occur:

(1)The primary purpose of the loan or the primary purpose of establishing the open-end credit account is to finance all or a portion of the purchase price or any of the lease or rental payments for a water treatment device.

…

Legislative history

Amended by Stats. 2010, Ch. 697, Sec. 10. (SB 189) Effective January 1, 2011. Operative July 1, 2012, by Sec. 105 of Ch. 697.