California Business and Professions Code

§ 7163

BPC § 7163 Effective Jan 1, 1994Div. 3 · Ch. 9 · Art. 10

Statute text

(a)No contract for home improvement shall be enforceable against the buyer if the obtaining of a loan for all or a portion of the contract price is a condition precedent to the contract or if the contractor provides financing, or in any manner assists the buyer to obtain a loan or refers the buyer to any person who may loan or arrange a loan for all or a portion of the contract price unless all of the following requirements are satisfied:

(1)The third party, if any, agrees to make the loan.

(2)The buyer agrees to accept the loan or financing.

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Legislative history

Amended by Stats. 1993, Ch. 589, Sec. 13. Effective January 1, 1994.