California Civil Code

§ 1803.2

CIV § 1803.2 Effective Jul 24, 1995Div. 3 · Title 2 · Part 4 · Ch. 1 · Art. 3

Statute text

Except as provided in Section 1808.3, every retail installment contract shall be contained in a single document that shall contain:

(a)The entire agreement of the parties with respect to the cost and terms of payment for the goods and services, including any promissory notes or any other evidences of indebtedness between the parties relating to the transaction.

(b)(1) At the top of the contract the words “Security Agreement” shall appear in at least 12-point bold type where a security interest in the goods is retained or a security interest on other goods or realty is obtained by the seller as security for the goods or services purchased.

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Legislative history

Amended (as added by Stats. 1994, Ch. 888, Sec. 3) by Stats. 1995, Ch. 153, Sec. 1. Effective July 24, 1995. Section operative October 1, 1995, by its own provisions.