For purposes of this chapter, the following terms have the following meanings: (a) âEarly termination feeâ means an additional fee charged to a consumer as a result of a consumerâs election to apply a term or clause included in the contract that authorizes a consumer to suspend making installment payments and to end access to the good or receipt of the service before the end of the period of time during which installment payments are required to be made by the consumer. (b) âFixed term installment contractâ means any contract for the sale of goods or the furnishing of services by a seller to a consumer for a deferred payment price payable in installments required to be made by the consumer during a fixed period of time until the price is paid in full. (c) âGoodâ and âserviceâ include tangible and intangible goods, including digital software. (d) âTerminateâ means that the consumer has elected to apply a term or clause included in the contract that authorizes a consumer to suspend making installment payments and to end access to the good or receipt of the service. âTerminateâ does not include a general failure of a consumer to perform an obligation of the contract, including a failure to make installment payments.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.