Ca Signal, Civil Code – CIV § ۲۹۵۴.۱۱. “ Installment loan ” ways any financing given in subdivision (h) longer under an installment loan feature.
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(a) As used in this area:
(۱) “Open-end credit program” gets the definition established in rules Z on the Federal book System ( 12 loansolution.com/pawn-shops-ak/ C.F.R. 226.2(a)(20) ).
(۲) “ Installment financing ” implies any financing given in subdivision (h) stretched under an installment financing feature.
(۳) “ Installment mortgage ability ” indicates a feature of an open-end credit score rating plan that provides for another subaccount of this open-end credit strategy pursuant that the principal of, and interest on, the loan connected with that subaccount should be paid back in substantially equivalent installments over a specific stage without reference to extent outstanding under any kind of function with the open-end credit score rating plan or even the payment plan with regards to the various other function. (بیشتر…)