California Civil Code

§ 1812.643

CIV § 1812.643 Effective Jan 1, 1995Div. 3 · Title 2.96 · Part 4

Statute text

(a)Except as provided in subdivision (b), a lessor who obtains the signature of more than one person on a rental-purchase agreement shall deliver the notice set forth in subdivision (c) to each person before that person signs the agreement.

(b)This section does not apply if the persons signing the agreement are married to each other or in fact receive possession of the property described in the agreement.

(c)The notice required by this section is as follows: “NOTICE TO COSIGNER If you sign this contract, you will have the same responsibility for the property and the same obligation to make payments that every renter has. If any renter does not pay, you may have to pay the full amount owed, including late fees, and you may have to pay for certain loss or damage to the property. The lessor may collect from you without first trying to collect from any other renter. The lessor can use the same collection methods against you that can be used against any renter, such as suing you or garnishing your wages. This notice is not the contract that makes you responsible. Before you sign, be sure you can afford to pay if you have to, and that you want to accept this responsibility.”

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Legislative history

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