BlackletterCalifornia law

Financial Code § 22451

ARTICLE 5. Open-End Loan Programs

Current as of September 28, 2026Fin. Code, § 22451Official source ↗

Repealed and added by Stats. 1994, Ch. 1115, Sec. 2.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

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.