Veh. Code, § 241 · Division 1. WORDS AND PHRASES DEFINED
Veh. Code, § 241
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
A “buy-here-pay-here” dealer is a dealer, as defined in Section 285, who is not otherwise expressly excluded by Section 241.1, and who does all of the following:
(a) Enters into conditional sale contracts, within the meaning of subdivision (a) of Section 2981 of the Civil Code, and subject to the provisions of Chapter 2b (commencing with Section 2981) of Title 14 of Part 4 of Division 3 of the Civil Code, or lease contracts, within the meaning of Section 2985.7 of the Civil Code, and subject to the provisions of Chapter 2d (commencing with Section 2985.7) of Title 14 of Part 4 of Division 3 of the Civil Code.
(b) Assigns less than 90 percent of all unrescinded conditional sale contracts and lease contracts to unaffiliated third-party finance or leasing sources within 45 days of the consummation of those contracts.
(c) For purposes of this section, a conditional sale contract does not include a contract for the sale of a motor vehicle if all amounts owed under the contract are paid in full within 30 days.
(d) The department may promulgate regulations as necessary to implement this section.
Notes and commentary — not statutory text
History
Added by Stats. 2012, Ch. 741, Sec. 2. (AB 1534) Effective January 1, 2013.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=VEH§ionNum=241.
- Text hash
- sha256 bd55d4e902163bbcc6498fde93b5b386628e87b42d5701315111cc459aefc08a
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Civil Code
- Civ. Code, div. 3, pt. 4, tit. 14, ch. 2bAutomobile Sales Finance ActPrinted as Chapter 2b (commencing with Section 2981) of Title 14 of Part 4 of Division 3 of the Civil Code
- Civ. Code, § 2981Printed as Section 2981 of the Civil Code
- Civ. Code, div. 3, pt. 4, tit. 14, ch. 2dVehicle Leasing ActPrinted as Chapter 2d (commencing with Section 2985.7) of Title 14 of Part 4 of Division 3 of the Civil Code
- Civ. Code, § 2985.7Printed as Section 2985.7 of the Civil Code
Cited by 3 provisions
Provisions in this library whose text cites Veh. Code, § 241. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.