File No.:	187
Bill No.:	SB-399
PH Date:	3/2/2004
Action/Date:	JFS 4/6/2004
Reference Change:

1. Exempts from the consumer's right to cancel at the end of an introductory rate period, any introductory rate offer that clearly and conspicuously discloses at the time of contract, the rate after the end of the introductory rate offer.

2. Deletes the provision prohibiting consumer contracts longer than 12 months or which contain an automatic renewal of longer than 31 days.

3. Adds a provision that requires any person who offers a consumer contract of greater than 180 days with a renewal period greater than 31 days to provide to the consumer written notice of the process for canceling the automatic renewal.

4. Adds a provision that requires any person who offers a consumer contract of 180 days or less with an automatic renewal of greater than 31 days to provide notice of the process for canceling the automatic renewal at the time the contract is entered, provided that the consumer shall not be required to exercise the right to cancel more than 60 days from the end of the contract term.