California Civil Code

§ 2984.2

CIV § 2984.2Div. 3 · Title 14 · Part 4 · Ch. 2b

Statute text

(a)No conditional sale contract, and no agreement between a seller and a buyer made in connection with a conditional sale contract, may provide for the inclusion of title to or a lien upon any property other than the following:

(1)The motor vehicle which is the subject matter of the sale, including any replacement of that motor vehicle, or accessories, accessions, or replacement of those accessories or accessions, or proceeds thereof.

(2)The proceeds of any insurance policies covering the motor vehicle which are required by the seller or the returned premiums of any such policies if the premiums for such policies are included in the amount financed.

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Legislative history

Amended by Stats. 1987, Ch. 1043, Sec. 1.