California Civil Code

§ 1812.401

CIV § 1812.401 Effective Sep 17, 1984Div. 3 · Title 2.9 · Part 4

Statute text

For the purposes of this title:

(a)“Credit disability insurance” means insurance of a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy.

(b)“Creditor” means the lender of money or vendor or lessor of goods, services, property, rights, or privileges, for which payment is arranged through a credit transaction, who has directly participated in, arranged, or received a commission or other compensation for the sale of credit disability insurance to the debtor, or any successor to the right, title, or interest of any such lender, vendor, or lessor, and an affiliate, associate, or subsidiary of any of them or any director, officer, or employee of any of them, or any other person in any way associated with any of them.

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Legislative history

Amended by Stats. 1984, Ch. 1200, Sec. 1. Effective September 17, 1984.