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(a) As found in this area:
(1) “Open-end credit plan” gets the meaning established in Regulation Z associated with Federal Reserve System ( 12 C.F.R. 226.2(a)(20) ).
(2) “ Installment loan ” means any loan specified in subdivision (h) extended under an installment loan function.
(3) “ Installment loan function ” means an element of a credit that is open-end which offers for a different subaccount associated with open-end credit plan pursuant to which the key of, and interest on, the mortgage connected with that subaccount can be paid back in significantly equal installments over a certain duration without reference to the quantity outstanding under just about any feature associated with open-end credit plan or even the re re payment routine with regards to the other function. Continue reading “Ca Code, Civil Code – CIV § 2954.11”