California Civil Code

§ 1799.101

CIV § 1799.101 Effective Jan 1, 1995Div. 3 · Title 1.85 · Part 4

Statute text

(a)For the purposes of this section, the following terms are defined as follows:

(1)“Adverse information” means information directly or indirectly indicating that a delinquency has occurred, because a cosigner has not complied with the contractual provisions of a consumer credit contract.

(2)“Collection action” means requesting a cosigner to pay all or part of the obligation on a consumer credit contract.

…

Legislative history

Amended by Stats. 1994, Ch. 1010, Sec. 42. Effective January 1, 1995.