Section 1788.20 - [Effective 1/1/2025] Applying for credit with no probability of paying obligation or submitting false information In connection with any request or application for covered credit, no person shall:
(a) Request or apply for that credit at a time when that person knows there is no reasonable probability of that person's being able, or that person then lacks the intention, to pay the obligation created thereby in accordance with the terms and conditions of the credit extension.(b) Knowingly submit false or inaccurate information or willfully conceal adverse information bearing upon that person's credit worthiness, credit standing, or credit capacity.Amended by Stats 2024 ch 522 (SB 1286),s 13, eff. 1/1/2025.Added by Stats. 1977, Ch. 907.This section is set out more than once due to postponed, multiple, or conflicting amendments.