California Civil Code

§ 1785.3

CIV § 1785.3 Effective Jan 1, 2025Div. 3 · Title 1.6 · Part 4 · Ch. 1

Statute text

The following terms as used in this title have the meaning expressed in this section:

(a)“Adverse action” means a denial or revocation of credit, a change in the terms of an existing credit arrangement which is adverse to the interests of the consumer, or a refusal to grant credit in substantially the amount or on substantially the terms requested. “Adverse action” includes all of the following:

(1)Any denial of, increase in any charge for, or reduction in the amount of, insurance for personal, family, or household purposes made in connection with the underwriting of insurance.

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Legislative history

Amended by Stats. 2024, Ch. 520, Sec. 1. (SB 1061) Effective January 1, 2025.