Section 11713.20 Of Article 1. Issuance Of Licenses And Certificates To Manufacturers, Transporters, And Dealers From California Vehicle Code >> Division 5. >> Chapter 4. >> Article 1.
11713.20
. (a) A dealer that obtains a consumer credit score, as
defined in subdivision (b) of Section 1785.15.1 of the Civil Code,
from a consumer credit reporting agency, as defined in subdivision
(d) of Section 1785.3 of the Civil Code, for use in connection with
an application for credit initiated by a consumer for the purchase or
lease of a motor vehicle for personal, family, or household use,
shall provide, prior to the sale or lease of the vehicle, the
following information to the consumer in at least 10-point type on a
document separate from the sale or lease contract:
(1) Each credit score obtained and used by the dealer.
(2) A statement that a consumer report, or a credit report, is a
record of the consumer's credit history and includes information
about whether the consumer pays his or her obligations on time and
how much the consumer owes to creditors.
(3) A statement that a credit score is a number that takes into
account information in a consumer report and that a credit score can
change over time to reflect changes in the consumer's credit history.
(4) A statement that the consumer's credit score can affect
whether the consumer can obtain credit and what the cost of that
credit will be.
(5) The range of possible credit scores under the model used to
generate that credit score.
(6) The distribution of credit scores among consumers who are
scored under the same scoring model that is used to generate the
consumer's credit score using the same scale as that of the credit
score that is provided to the consumer, presented in the form of a
bar graph containing a minimum of six bars that illustrates the
percentage of consumers with credit scores within the range of scores
reflected in each bar, or by other clear and readily understandable
graphical means, or a clear and readily understandable statement
informing the consumer how his or her credit score compares to the
scores of other consumers. Use of a graph or statement obtained from
the person providing the credit score that meets the requirements of
this paragraph is deemed to comply with this requirement.
(7) The date the credit score was created.
(8) The name of the consumer reporting agency or other person that
provided each credit score obtained and used by the dealer.
(9) A statement that the consumer is encouraged to verify the
accuracy of the information contained in the consumer report and has
the right to dispute any inaccurate information in the report.
(10) A statement that federal law gives the consumer the right to
obtain copies of his or her consumer reports directly from the
consumer reporting agencies, including a free report from each of the
nationwide consumer reporting agencies once during any 12-month
period.
(11) Contact information for the centralized source from which
consumers may obtain their free annual consumer reports.
(12) A statement directing consumers to the Internet Web sites of
the Federal Reserve Board and Federal Trade Commission to obtain more
information about consumer reports.
(b) Appropriate use by a dealer of the model form described in
Section 640.5(e)(5) of Title 16 of the Code of Federal Regulations
and contained in Title 16 of the Code of Federal Regulations Part B,
Appendix B, Model Form B-4, as promulgated on January 15, 2010, is
deemed to comply with the requirements of this section. Use of the
model form is optional.
(c) This section does not apply to the purchase or lease of a
motorcycle or an off-highway motor vehicle subject to identification
under Section 38010.
(d) This section does not limit or restrict any rights or remedies
otherwise available under existing law.