California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 1.6C — Fair Debt Collection Practices, Article 3 — Debtor Responsibilities, Section 1788.20
In connection with any request or application for covered credit, no person shall:
(a) Request or apply for that credit at a time when that person knows there is no reasonable probability of that person’s being able, or that person then lacks the intention, to pay the obligation created thereby in accordance with the terms and conditions of the credit extension.
(b) Knowingly submit false or inaccurate information or willfully conceal adverse information bearing upon that person’s credit worthiness, credit standing, or credit capacity.
Notes
Prohibits a person seeking covered credit from applying when the person knows there is no reasonable probability of repayment or lacks intent to pay under the credit terms. Also prohibits knowingly submitting false or inaccurate information or willfully concealing adverse information bearing on creditworthiness, credit standing, or credit capacity.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1788.20 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-1-6c/article-3/section-1788-20