Sections
26 entriesSection 2985.7Defines key motor-vehicle lease terms, including lessee, lessor, lease contract, adjusted capitalized cost, residual value, and balance subject to rent charge. A…Section 2985.71Requires motor-vehicle lease solicitations stating specified payments, downpayments, or other terms to include prescribed disclosures, and prohibits advertising a specific lease at…Section 2985.8Requires vehicle lease contracts to be written, use prescribed type sizes, contain required disclosures and warnings, be signed, and be delivered fully…Section 2985.9Exempts specified documents from the requirement that they be contained in a vehicle lease contract: express warranties, government titling and transfer documents,…Section 2986.3Prohibits motor-vehicle lease contracts from authorizing confession of judgment, assigning wages, waiving claims for illegal collection or repossession acts, relieving the lessor…Section 2986.4Requires lessee acknowledgments of receiving specified lease documents to use at least 10-point bold type and, if in the contract, appear directly…Section 2986.5Prohibits person from leasing a used motor vehicle for operation on California highways if such vehicle does not meet all of the…Section 2986.6Prohibits enforcement of a lease-related agreement that uses title to or a lien on property other than the leased motor vehicle, its…Section 2986.10Establishes that an assignee of a lessor’s rights takes subject to all lessee equities and defenses against the lessor despite contrary agreement,…Section 2986.12Prohibits a lessor from inducing or attempting to induce a person to enter a covered motor-vehicle lease by offering a rebate, discount,…Section 2986.13Requires a lessor to refund any lessee payment made pending execution of a lease contract if the contract is not executed. If…Section 2987Allows a vehicle lessee to terminate before scheduled lease expiration and limits liability to amounts authorized by the statute. Before disposition or…Section 2988Requires the estimated residual value in a consumer motor-vehicle lease where the lessee bears depreciation risk to reasonably approximate anticipated fair market…Section 2988.5Sets liability for specified motor-vehicle leasing violations at actual damages plus 25 percent, with statutory damages of $100 to $1,000; class liability…Section 2988.7Allows a motor-vehicle lessee, when the lessor fails to comply with the specified disclosure provision, to rescind the lease instead of bringing…Section 2988.9Requires reasonable attorney’s fees and costs for the prevailing party in an action on a lease contract governed by the chapter, regardless…Section 2989Prohibits a civil action against a lessor under this chapter when a federal civil action has already been filed based on facts…Section 2989.2Requires at least 10 days’ written notice to each lessee and guarantor before selling a leased vehicle when the lessee bears depreciation…Section 2989.4Prohibits a vehicle lessor from failing to register the leased vehicle as contracted, advertising a specific inventory vehicle without its vehicle identification…Section 2989.5Requires lessors to provide complaint-related records to Department of Motor Vehicles investigators on the required affidavit, except under the financial-institution procedure; an…Section 2989.6Allows the Director of Motor Vehicles to adopt and enforce rules and regulations necessary to carry out or implement the chapter. Requires…Section 2989.8Prohibits knowing and willful violations of any provision of the chapter by making a person who knowingly and willfully violates the chapter…Section 2990Exempts from this chapter any transaction regulated by the referenced Chapter 2b. The exemption applies to transactions that fall under that identified…Section 2991Requires a prospective assignee that gives a lessor a preprinted lease-contract form to provide the lessor, upon request, a Spanish-language translation of…Section 2992Requires a prospective assignee that supplies a lessor with a preprinted lease-contract form to provide enough space on the form for all…Section 2993Requires a vehicle-lease holder or its agent that received the specified notice to pass the notice information to any later assignee hired…