2011 California Code
Financial Code
DIVISION 9. CALIFORNIA FINANCE LENDERS LAW [22000 - 22780]
ARTICLE 5. Open-End Loan Programs
Section 22451


CA Fin Code § 22451 (through 2012 Leg Sess) What's This?

If an open-end credit program is not primarily for the purpose of purchasing or leasing goods or services from the licensee, then all credit extended through use of the program, including transactions that involve the purchase or lease of goods or services from the licensee, shall be subject to this division.

(Repealed and added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)

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