TITLE 2. CREDIT
SALES
CHAPTER 3. RETAIL CREDIT ADVISORY COMMITTEE
California Civil Code Section 1812.40-1812.41
1812.40. The Governor shall appoint a nine member Retail Credit
Advisory Committee consisting of the following members:
(a) Three members representing the public.
(b) Three members representing consumer groups.
(c) Three members representing the retail credit industry.
1812.41. The committee shall have the following authority and
duties:
(a) To investigate the costs of providing consumer credit to
California customers.
(b) To obtain from the consumer credit industry for analysis
records and information pertaining to such costs.
(c) To determine the desirability of maintaining rate ceilings in
consumer credit transactions.
(d) To report to the Assembly Committee on Finance, Insurance, and
Commerce and to the Senate Committee on Banking and Commerce its
preliminary report on March 31, 1982, and a final report on or before
June 30, 1982, on the results of this study.
