Sections
22 entriesSection 1802Defines how the chapter is construed by making the definitions in this article controlling unless the context or subject matter requires otherwise.…Section 1802.1Defines “goods” as tangible chattels primarily for personal, family, or household use, including exchangeable certificates and goods that become part of real…Section 1802.2Defines “services” as work, labor, and services furnished for a use other than a commercial or business use. Includes within the term…Section 1802.3Defines “retail seller” or “seller” as a person engaged in the business of selling goods or furnishing services to retail buyers. The…Section 1802.4Defines “retail buyer” or “buyer” as a person who buys goods or obtains services from a retail seller in a retail installment…Section 1802.5Defines “retail installment sale” or “sale” as a sale of goods or furnishing of services by a retail seller to a retail…Section 1802.6Defines a retail installment contract as a California retail installment sale contract meeting specified installment, finance-charge, cash-price, added-goods-or-services, or more-than-four-payment conditions. Includes…Section 1802.7Defines a retail installment account, installment account, or revolving account as a California agreement under which the buyer pays a retail seller…Section 1802.8Defines cash price in a retail installment contract as the price at which the seller would furnish, and the buyer would obtain,…Section 1802.9Defines “total sale price” as the combined total of the cash price of the goods or services, any amounts included for insurance,…Section 1802.10Defines finance charge as the amount a retail buyer pays for the privilege of buying goods or services in installments. Excludes specified…Section 1802.11Defines “amount financed” as the amount required to be disclosed under the referenced contract-disclosure provision. Defines “unpaid balance” as the cash price…Section 1802.12Defines “total of payments” as the amount required to be disclosed under the referenced Regulation Z provision. Includes in that term any…Section 1802.13Defines holder as the retail seller holding a retail installment contract or account, or the financing agency or other assignee after purchase.…Section 1802.14Defines "Official fees" as the fees required by law and actually to be paid to the appropriate public officer to perfect a…Section 1802.15Defines “person” as an individual, partnership, corporation, limited liability company, association, or other group, however organized. Sets that listed range of individuals…Section 1802.16Defines "Financing agency" as a person engaged in this State in whole or in part in the business of purchasing retail installment…Section 1802.17Defines “billing cycle” as the time interval between regular monthly billing statement dates. Establishes that recurring interval, measured from one regular monthly…Section 1802.18Defines “Regulation Z” as rules, regulations, or interpretations promulgated by the Federal Reserve Board under the Truth in Lending Act, as amended.…Section 1802.19Establishes when a retail installment contract or account is treated as made in California and subject to the chapter: when a California-resident…Section 1802.20Defines “simple-interest basis” as applying a constant rate to the changing unpaid balance, excluding an administrative finance charge. Allows calculation on a…Section 1802.21Defines "Precomputed basis" as the determination of a finance charge by multiplying the original unpaid balance of the contract by a rate…