(a) A provider subject to this division shall disclose all of the information in subdivision (b) or in Section 22803, if applicable, to a recipient at the time of extending a specific commercial financing offer to that recipient, and shall obtain the recipientâs signature on the disclosure before consummating the commercial financing transaction. (b) Except as provided in Section 22803, a provider subject to this division shall disclose all of the following: (1) The total amount of funds provided. (2) The total dollar cost of the financing. (3) The term or estimated term. (4) The method, frequency, and amount of payments. (5) A description of prepayment policies. (6) The total cost of the financing expressed as an annualized rate.
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