Financial Code section 22802

(a)

A provider subject to this division shall disclose all of the information in subdivision (b) or in Section 22803, if applicable, to a recipient at the time of extending a specific commercial financing offer to that recipient, and shall obtain the recipient’s signature on the disclosure before consummating the commercial financing transaction.

(b)

Except as provided in Section 22803, a provider subject to this division shall disclose all of the following:

(1)

The total amount of funds provided.

(2)

The total dollar cost of the financing.

(3)

The term or estimated term.

(4)

The method, frequency, and amount of payments.

(5)

A description of prepayment policies.

(6)

The total cost of the financing expressed as an annualized rate.

Source: Section 22802, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=22802.­ (updated Jan. 1, 2024; accessed Aug. 25, 2025).

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Verified:
Aug. 25, 2025

§ 22802's source at ca​.gov