California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 3 — Real Estate RegulationsArticle 5 — Transactions in Trust Deeds and Real Property Sales ContractsSection 10235
No real estate licensee shall knowingly advertise, print, display, publish, distribute, telecast or broadcast, or cause or permit to be advertised, printed, displayed, published, distributed, televised or broadcast, in any manner any statement or representation with regard to the rates, terms, or conditions for making, purchasing or negotiating loans or real property sales contracts which is false misleading or deceptive.
Indicating or otherwise implying any specific yield or return on any note other than the interest rate specified in said note shall be prima facie evidence that such advertisement is misleading or deceptive unless the advertisement sets forth the actual interest rate specified in the note and the discount from the outstanding principal balance at which it is being offered for sale.
Notes
Prohibits a real estate licensee from knowingly disseminating false, misleading, or deceptive statements about rates, terms, or conditions for loans or real-property sales contracts. Establishes that implying a note yield or return other than its stated interest rate is initial evidence that the advertisement is misleading unless it states the actual interest rate and sale discount from outstanding principal.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10235 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-5/section-10235