California Financial Code

§ 22802

FIN § 22802 Effective Jan 1, 2024Div. 9.5

Statute text

(a)A provider subject to this division shall disclose all of the information in subdivision (b) or in Section 22803, if applicable, to a recipient at the time of extending a specific commercial financing offer to that recipient, and shall obtain the recipient’s signature on the disclosure before consummating the commercial financing transaction.

(b)Except as provided in Section 22803, a provider subject to this division shall disclose all of the following:

(1)The total amount of funds provided.

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Legislative history

Amended (as added by Stats. 2018, Ch. 1011, Sec. 2, 1st text) by Stats. 2023, Ch. 376, Sec. 1. (SB 33) Effective January 1, 2024.