A lessor shall not report any late payment, default, or repossession to a consumer credit reporting agency, as defined in subdivision (d) of Section 1785.3, or to an investigative consumer reporting agency, as defined in subdivision (d) of Section 1786.2 if the lessor (a) advertises “no credit check” or otherwise states or implies that no inquiry will be made of a consumer’s credit history or creditworthiness or (b) does not obtain a consumer credit report or investigative consumer report on a consumer before entering into a rental-purchase agreement with that consumer.
Cal. Civ. Code § 1812.640
CALIFORNIA RENTAL-PURCHASE ACT
Known as the Karnette Rental-Purchase Act
The act spans §§ 1812.620 to 1812.650 (31 sections).
Added by Stats. 1994, Ch. 1026, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.