California Financial Code

§ 21201.6

FIN § 21201.6 Effective Jan 1, 2016Div. 8 · Ch. 2

Statute text

The requirement for a written contract signed by the pledgor as set forth in Section 21201.5 may be met electronically if all of the following conditions are satisfied:

(a)The contract and transaction comply with the provisions of the Uniform Electronic Transactions Act, as set forth in Title 2.5 (commencing with Section 1633.1) of Part 2 of Division 3 of the Civil Code, as may be applicable at the time that the loan is entered into between the pawnbroker and the pledgor.

(b)Any written disclosures specified in this chapter to be set forth in a specified minimum type size are conspicuously presented to the pledgor prior to his or her execution of the electronic contract.

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Legislative history

Added by Stats. 2015, Ch. 417, Sec. 4. (SB 300) Effective January 1, 2016.