ARTICLE 2. Definitions
Article 2 added by Stats. 1959, Ch. 201.
§§ 1802–1802.21 · 22 sections
- § 1802 Unless the context or subject matter otherwise requires, the definitions given in this article govern the construction of this chapter.
- § 1802.1 “Goods” means tangible chattels bought for use primarily for personal, family or household purposes, including certificates or coupons exchangeable for such…
- § 1802.2 “Services” means work, labor and services, for other than a commercial or business use, including services furnished in connection with the sale or repair of…
- § 1802.3 “Retail seller” or “seller” means a person engaged in the business of selling goods or furnishing services to retail buyers.
- § 1802.4 “Retail buyer” or “buyer” means a person who buys goods or obtains services from a retail seller in a retail installment sale and not principally for the…
- § 1802.5 “Retail installment sale” or “sale” means the sale of goods or the furnishing of services by a retail seller to a retail buyer for a deferred payment price…
- § 1802.6 “Retail installment contract” or “contract” means any contract for a retail installment sale between a buyer and seller, entered into or performed in this…
- § 1802.7 “Retail installment account” or “installment account” or “revolving account” means an account established by an agreement entered into in this state, pursuant…
- § 1802.8 “Cash price” means the cash price stated in a retail installment contract for which the seller would sell or furnish to the buyer and the buyer would buy or…
- § 1802.9 “Total sale price” means the total of the cash price of the goods or services, the amounts, if any, included for insurance, official fees, and the finance…
- § 1802.10 “Finance charge” means the amount however denominated or expressed which the retail buyer contracts to pay or pays for the privilege of purchasing goods or…
- § 1802.11 (a) “Amount financed” means the amount required to be disclosed pursuant to paragraph (7) of subdivision (c) of Section 1803.3. (b) “Unpaid balance” means the…
- § 1802.12 “Total of payments” means the amount required to be disclosed pursuant to subdivision (h) of Section 226.18 of Regulation Z. The term includes any portion of…
- § 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…
- § 1802.14 “Official fees” means the fees required by law and actually to be paid to the appropriate public officer to perfect a lien or other security interest, on or in…
- § 1802.15 “Person” means an individual, partnership, corporation, limited liability company, association or other group, however organized.
- § 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…
- § 1802.17 “Billing cycle” means the time interval between regular monthly billing statement dates.
- § 1802.18 “Regulation Z” means any rule, regulation, or interpretation promulgated by the Board of Governors of the Federal Reserve System (“Board”) under the Federal…
- § 1802.19 (a) For the purposes of this chapter, a retail installment contract, contract, retail installment account, installment account, or revolving account shall be…
- § 1802.20 “Simple-interest basis” means the determination of a finance charge, other than an administrative finance charge, by applying a constant rate to the unpaid…
- § 1802.21 “Precomputed basis” means the determination of a finance charge by multiplying the original unpaid balance of the contract by a rate and multiplying that…