Civil Code section 1802.16

“Financing agency” means a person engaged in this State in whole or in part in the business of purchasing retail installment contracts, or installment accounts from one or more retail sellers. The term includes but is not limited to a bank, trust company, private banker, or investment company, if so engaged.

Source: Section 1802.16, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CIV§ionNum=1802.­16.­ (updated Jan. 1, 1959; accessed Jun. 23, 2025).

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Verified:
Jun. 23, 2025

§ 1802.16's source at ca​.gov