California Civil Code

§ 1812.631

CIV § 1812.631 Effective Jan 1, 1995Div. 3 · Title 2.96 · Part 4

Statute text

(a)A consumer may be deemed in default under the rental-purchase agreement if either of the following applies:

(1)The rental-purchase agreement requires weekly periodic rental payments and the consumer has not made a payment by the end of the seventh day after its due date.

(2)The rental-purchase agreement requires rental payments in periodic intervals longer than one week and the consumer has not made a payment by the end of the 10th day after its due date.

…

Legislative history

Added by Stats. 1994, Ch. 1026, Sec. 1. Effective January 1, 1995.