California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 1.90 — Commercial Financing Transactions with Small Businesses, Section 1799.301
This title does not apply to any of the following:
(a) A provider that is a depository institution.
(b) A provider that is a lender regulated under the federal Farm Credit Act of 1971 (12 U.S.C. Sec. 2001 et seq.).
(c) A commercial financing transaction secured by real property.
(d) A person who makes no more than one commercial financing transaction in California in a 12-month period.
(e) A person who makes five or fewer commercial financing transactions in California in a 12-month period that are incidental to the business of that person.
(f) A commercial financing transaction in which the recipient is a dealer, as defined by Section 285 of the Vehicle Code, or an affiliate of the dealer, pursuant to a specific commercial financing offer or commercial open-end credit plan of at least fifty thousand dollars ($50,000), including, but not limited to, a commercial loan made pursuant to that commercial financing transaction.
(g) A commercial financing transaction in which the recipient is a vehicle rental company, or an affiliate of the vehicle rental company, pursuant to a specific commercial financing offer or commercial open-end credit plan of at least fifty thousand dollars ($50,000), including, but not limited to, a commercial loan made pursuant to that commercial financing transaction.
Notes
Exempts depository institutions, federal Farm Credit Act lenders, real-property-secured commercial financing, persons making no more than one California commercial financing transaction in 12 months, and persons making five or fewer incidental transactions in 12 months. Also exempts qualifying dealer and vehicle-rental-company financing under a specific offer or open-end plan of at least $50,000.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1799.301 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-1-90/section-1799-301