Consumer Protection, Rees-Levering, Limitations, One-Year Statute Applies, 1, 10
If the seller does not comply with Rees-Levering’s disclosure requirements, the car buyer may elect to rescind a car purchase contract, return the car, and receive back all money he paid under the contract. (Civ. Code 2983, 2983.1.) This decision holds that the remedy is a statutory penalty because it is a statutory award not tied to the existence or amount of injury. Therefore, the claim is governed by CCP 340’s one-year limitations period.