Sections
34 entriesSection 2981Defines terms governing motor-vehicle conditional sale contracts, including conditional sale contract, buyer, seller, motor vehicle, cash price, downpayment, unpaid balance, finance charge,…Section 2981.5Defines a motor-vehicle bailment or lease that measures the bailee’s or lessee’s maximum end-of-term or early-termination liability by the vehicle’s value as…Section 2981.7Requires qualifying motor-vehicle conditional sale contracts entered on or after January 1, 1983, to calculate the specified finance charge on a simple-interest…Section 2981.8Prohibits a contract from calculating its finance charge partly on a precomputed basis and partly on a simple-interest basis. Allows only the…Section 2981.9Requires every covered motor-vehicle conditional sale contract to be written, use at least 6-point type if printed, contain all buyer-seller agreements on…Section 2982Requires a conditional vehicle sale contract to include Regulation Z disclosures whether or not Regulation Z otherwise applies, plus the provision’s applicable…Section 2982.1Prohibits a seller from inducing or attempting to induce a person to enter a covered contract by offering a rebate, discount, commission,…Section 2982.2Requires a motor-vehicle seller, before executing a conditional sale contract, to give the buyer and obtain the buyer’s signature on a written…Section 2982.3Allows a conditional-sale holder, with buyer agreement, to extend or defer installments; any charge requires a signed writing, while specified delinquent installments…Section 2982.5Limits the chapter’s effect on specified motor-vehicle purchase financing and generally bars a third-party purchase loan from being secured by real property.…Section 2982.7Requires a seller to refund any buyer payment made pending execution of a conditional sale contract if the contract is not executed.…Section 2982.8Allows a conditional-sale contract holder to finance advances for required insurance or default-related repairs or preservation at no more than the contract’s…Section 2982.9Requires a motor-vehicle purchase contract or order to be treated as rescinded, with each party returning the consideration received, when the seller…Section 2982.10Limits what a motor-vehicle seller may receive from an assignee based on contract finance charges to the Regulation Z amount calculated at…Section 2982.11Requires a seller, before executing a conditional sale contract charging for an electric vehicle charging station, to give the buyer a signed…Section 2982.12Limits guaranteed asset protection waivers in conditional vehicle sales to optional, separately signed addenda; assignment notice is due within 30 days and…Section 2983Limits enforceability of a motor-vehicle conditional sale contract when the seller nonaccidentally violates specified disclosure or contract requirements: the contract generally is…Section 2983.1Allows buyers to recover triple specified finance or GAP charges for covered nonaccidental violations. Holders lacking actual knowledge generally may enforce but…Section 2983.2Requires at least 15 days’ written notice before disposing of a repossessed vehicle and notice within 60 days to preserve deficiency liability.…Section 2983.3Prohibits a motor-vehicle seller or holder from accelerating or repossessing absent buyer default, and bars treating bankruptcy filing or debtor status as…Section 2983.35Requires a creditor or holder, before repossessing a motor vehicle under a covered contract when a cosigner exists, to give the cosigner…Section 2983.37Prohibits buy-here-pay-here dealers from tracking sold vehicles without disclosure, written consent, and permitted use, or disabling them without required warnings. Starter-interrupt warning…Section 2983.4Requires reasonable attorney’s fees and costs for the prevailing party in an action on a contract or purchase order governed by the…Section 2983.5Establishes that an assignee of a seller’s rights takes subject to all buyer equities and defenses against the seller despite contrary agreement,…Section 2983.6Prohibits willful violations of any provision of the chapter by making a person who willfully violates any chapter provision guilty of a…Section 2983.7Prohibits conditional sale contracts from waiving sale claims or defenses, authorizing confession of judgment, assigning wages in the contract, waiving actions for…Section 2983.8Bars deficiency judgments after qualifying mobilehome sales under specified pre-July 1, 1981 contracts, except where the mobilehome has substantial damage beyond normal…Section 2984Allows a holder to correct violations of the chapter, but limits correction of a willful facial violation to within 30 days after…Section 2984.1Requires every conditional sale contract to contain the prescribed public-liability insurance notice in contrasting red print of at least 8-point bold type…Section 2984.2Prohibits a motor-vehicle conditional sale contract or related seller-buyer agreement from taking title to or a lien on property other than the…Section 2984.3Requires a buyer’s written acknowledgment of receiving specified conditional-sale or negotiation documents to use at least 10-point bold type and specified signature…Section 2984.4Requires actions on covered motor-vehicle contracts or purchase orders to be tried in a superior court tied to signing, the buyer’s residence,…Section 2984.5Requires sellers to retain specified conditional-sale contracts and credit-sale records for at least seven years, or for the contract’s term if longer,…Section 2984.6Prohibits a conditional-sale contract, purchase-order, or security-interest holder or agent that received the specified repossession notice from later assigning someone to skip…