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Can you summarize Civ Code CACL Division 3 Part 4 Title 1.3?
OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [1738. - 3273.55.] > CREDIT CARDS [1747. - 1748.95.]
Short Summary
The California Civil Code provisions reviewed cover various aspects of credit card transactions. They address liability for unauthorized use, cancellation of credit cards, surcharges and discounts, disclosure requirements, correction of billing errors, printing of credit card information on receipts, and obligations and responsibilities of credit card issuers. These provisions aim to protect the rights of cardholders, provide guidelines for resolving disputes, and promote fair practices in credit card transactions. The provisions apply to card issuers, cardholders, retailers, and other entities involved in credit card transactions in California. Certain exemptions exist for specific types of transactions, such as check guarantee cards, debit cards with overdraft credit plans, and certain charges made by utility corporations. However, no specific penalties for non-compliance or violation of these provisions are mentioned in the provided document.
Whom does it apply to?
These provisions apply to card issuers, cardholders, retailers, and persons or entities involved in credit card transactions in California.
What does it govern?
The California Civil Code governs various aspects of credit card transactions, including liability for unauthorized use, cancellation of credit cards, surcharges and discounts, disclosure requirements, correction of billing errors, printing of credit card information on receipts, and obligations and responsibilities of credit card issuers.
What are exemptions?
Exemptions include certain transactions involving check guarantee cards, debit cards in connection with an overdraft credit plan, check guarantee cards used with cash advance checks, charges for payment by credit card or debit card made by electrical, gas, or water corporations approved by the Public Utilities Commission, credit cards issued under an agreement creating a purchase money security interest, loans or extensions of credit subject to the Federal Home Equity Loan Consumer Protection Act of 1988, and transactions that constitute an electronic fund transfer or involve the use of a key or card key used at an automated dispensing outlet to obtain or purchase petroleum products primarily for business purposes.
What are the Penalties?
Specific penalties for non-compliance or violation of these provisions are not mentioned in the provided document.
Jurisdiction
California