Section 21201.6 Of Chapter 2. Pawnbroker Regulations From California Financial Code >> Division 8. >> Chapter 2.
21201.6
. The requirement for a written contract signed by the
pledgor as set forth in Section 21201.5 may be met electronically if
all of the following conditions are satisfied:
(a) The contract and transaction comply with the provisions of the
Uniform Electronic Transactions Act, as set forth in Title 2.5
(commencing with Section 1633.1) of Part 2 of Division 3 of the Civil
Code, as may be applicable at the time that the loan is entered into
between the pawnbroker and the pledgor.
(b) Any written disclosures specified in this chapter to be set
forth in a specified minimum type size are conspicuously presented to
the pledgor prior to his or her execution of the electronic
contract.
(c) The pawnbroker makes one of the following disclosures:
(1) If the principal loan amount is below two thousand five
hundred dollars ($2,500), the pawnbroker discloses the maximum
compensation due a pawnbroker as set forth in Section 21200.7 prior
to the pledgor's execution of the electronic contract.
(2) If the principal loan amount is two thousand five hundred
dollars ($2,500) or more, the pawnbroker discloses the provisions of
Sections 21051 and 22054 prior to the pledgor's execution of the
electronic contract.