Section 5056 - Down Payment and Deposit(a) A licensee shall not advertise the amount of down payment and/or deposit required to purchase a MH-Unit or commercial modular unless it is clearly identified as being a down payment or deposit in type size not less than one half ( 1/2) the type size in which the amount of the down payment or deposit is stated.(b) A licensee shall not advertise the statements "no down payment," "no deposit" or similar terms unless the dealer will sell and deliver the advertised MH-Unit or commercial modular to any purchaser without prior payment of any kind or trade-in.(c) If an advertisement quotes the amount of a periodic payment, the advertisement shall also quote the amount of the down payment or deposit required to qualify for the amount of the quoted periodic payment.(d) A licensee shall not advertise the amount of a down payment or deposit unless it represents the total payment, including any payment for sales tax, permits, titling or registration, to be required of the purchaser prior to delivery of the MH-Unit or commercial modular.Cal. Code Regs. Tit. 25, § 5056
1. Certificate of Compliance including amendment transmitted to OAL 11-3-82 and files 12-15-82 (Register 82, No. 51).
2. Amendment of section and NOTE filed 1-29-2010; operative 1-29-2010 pursuant to Government Code section 11343.4 (Register 2010, No. 5). Note: Authority cited: Section 18015, Health and Safety Code: Reference: Sections 18007, 18008, 18008.7, 18061 and 18062.2, Health and Safety Code.
1. Certificate of Compliance including amendment transmitted to OAL 11-3-82 and files 12-15-82 (Register 82, No. 51).
2. Amendment of section and Note filed 1-29-2010; operative 1-29-2010 pursuant to Government Code section 11343.4 (Register 2010, No. 5).