Retail installment contracts.

Existing law, the Unruh Act, requires a retail installment contract to be dated and in writing. Existing law also requires the printed portion of the contract to be in 8-point type. A violation of the act is a crime. This bill, beginning July 1, 2024, would require the printed portion of the contract to be in 12-point font. By expanding the scope of a crime, the bill would impose a state-mandated program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.