Consumer Contract Awareness Act of 1990 Law and Legal Definition
Consumer Contract Awareness Act is a state legislature in which the contract prepared by a seller is signed, or to be signed, by a consumer. The contract provides for the sale or lease of goods or services that are purchased or leased primarily for personal, family, or household purposes. The contract also provides for extension of credit, the proceeds of which are used primarily for personal, family, or household purposes. The contract contains incidental provisions such as the consumer's consent to a credit review, a certification of the accuracy of the information furnished.
The following is an example of the state statute (California) which explains about the delivery of copy of contract to consumer:
Cal Civ Code § 1799.202 states that a seller shall deliver a copy of a consumer contract to the consumer at the time it is signed by the consumer if the consumer contract is signed at a place of business of the seller. If the consumer contract is not signed by the consumer at a place of business of the seller, and the seller has not provided a copy of the consumer contract for the consumer which the consumer is instructed to keep, the seller shall mail or deliver a copy of it to the consumer within 10 calendar days after the seller receives the signed consumer contract. In any case, the copy of the contract provided to the consumer shall not contain any blank spaces to be completed after the consumer signs the contract, shall contain the signature of the seller if it provides for that signature, and may also contain the signature of the consumer.
