VEH 11709.4: (a) When a dealer purchases or obtains a vehicle in trade in a retail sale or lease transaction and the vehicle is su…
DIVISION 5. OCCUPATIONAL LICENSING AND BUSINESS REGULATIONS
CA DMV
Vehicle Code
Executive Summary
California Vehicle Code section 11709.4 ((a) When a dealer purchases or obtains a vehicle in trade in a retail sale or lease transaction and the vehicle is su…) addresses (a) When a dealer purchases or obtains a vehicle in trade in a retail sale or lease transaction and the vehicle is subject to a prior credit or lease balance,. (2) If the dealer did not set forth an agreement regarding payment of a prior credit or lease balance owed on the vehicle purchased or obtained in trade, in a…. Part of DIVISION 5. OCCUPATIONAL LICENSING AND BUSINESS REGULATIONS. Tags Clinic hosts the official statutory text unchanged below for registration, title, and compliance reference in California.
Key Takeaways
- (a) When a dealer purchases or obtains a vehicle in trade in a retail sale or lease transaction and the vehicle is subject to a prior credit or lease balance,….
- (2) If the dealer did not set forth an agreement regarding payment of a prior credit or lease balance owed on the vehicle purchased or obtained in trade, in a….
- (3) The time period specified in paragraph (1) or (2) may be shortened if the dealer and consumer agree, in writing, to a shorter time period.
- (4) A dealer shall not sell, consign for sale, or transfer any ownership interest in the vehicle purchased or obtained in trade until an amount necessary to….
- (b) A dealer does not violate this section if the dealer reasonably and in good faith gives notice of rescission of the contract promptly, but no later than 21….
Important Facts
- Vehicle Code section
- 11709.4
- Division
- DIVISION 5. OCCUPATIONAL LICENSING AND BUSINESS REGULATIONS
- Statutory text
- Verbatim California Vehicle Code below the overview