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 3 — Provisions of Retail Installment Contracts, Section 1803.11
It shall be unlawful for any seller to solicit buyers, in any advertisement, to enter into a retail installment contract with it if the seller does not intend to sell that retail installment contract to a financing agency or other assignee, unless the advertisement clearly states the periodic rate or range of periodic rates, expressed as an annual percentage rate or a range of annual percentage rates that will be used to determine the finance charge imposed on the retail installment contract.
Notes
Prohibits a seller that does not intend to assign a retail installment contract to a financing agency or other assignee from advertising to solicit buyers for that contract unless the advertisement clearly states the periodic rate or range of periodic rates, expressed as an annual percentage rate or range, used to determine the finance charge.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1803.11 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-4/title-2/chapter-1/article-3/section-1803-11