Cal. Bus. & Prof. Code § 10235

Current through the 2023 Legislative Session.
Section 10235 - False, misleading, or deceptive advertising of rates, terms or conditions

No real estate licensee shall knowingly advertise, print, display, publish, distribute, telecast or broadcast, or cause or permit to be advertised, printed, displayed, published, distributed, televised or broadcast, in any manner any statement or representation with regard to the rates, terms, or conditions for making, purchasing or negotiating loans or real property sales contracts which is false misleading or deceptive.

Indicating or otherwise implying any specific yield or return on any note other than the interest rate specified in said note shall be prima facie evidence that such advertisement is misleading or deceptive unless the advertisement sets forth the actual interest rate specified in the note and the discount from the outstanding principal balance at which it is being offered for sale.

Ca. Bus. and Prof'l. Code § 10235

Added by Stats. 1961, Ch. 886.