California Codes, Civil Code - CIV, Division 3 — Obligations, Part 4 — Obligations Arising from Particular Transactions, Title 2 — Credit Sales, Chapter 1 — Retail Installment Sales, Article 2 — Definitions, Section 1802.13

“Holder” means the retail seller who acquires a retail installment contract or installment account executed, incurred or entered into by a retail buyer, or if the contract or installment account is purchased by a financing agency or other assignee, the financing agency or other assignee. The term does not include the pledgee of or the holder of a security interest in an aggregate number of such contracts or installment accounts to secure a bona fide loan thereon.

Notes

Defines holder as the retail seller holding a retail installment contract or account, or the financing agency or other assignee after purchase. Excludes a pledgee or holder of a security interest in an aggregate group of those contracts or accounts when the interest secures a bona fide loan on them.

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