California Civil Code

§ 1810.21

CIV § 1810.21 Effective Jan 1, 2002Div. 3 · Title 2 · Part 4 · Ch. 1 · Art. 10.5

Statute text

(a)Any application form or preapproved written solicitation for a credit card issued in connection with a retail installment account that is mailed on or after October 1, 1987, to a retail buyer residing in this state by or on behalf of a retail seller, whether or not the retail seller is located in this state, other than an application form or solicitation included in a magazine, newspaper, or other publication distributed by someone other than the retail seller, shall contain or be accompanied by either of the following disclosures:

(1)A disclosure of each of the following, if applicable:

(A)Any periodic rate or rates that will be used to determine the finance charge imposed on the balance due under the terms of a retail installment account, expressed as an annual percentage rate or rates.

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Legislative history

Amended by Stats. 2001, Ch. 159, Sec. 34. Effective January 1, 2002.