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2020 California Code
Financial Code - FIN
DIVISION 3 - CHECK SELLERS, BILL PAYERS, AND PRORATERS
CHAPTER 4 - Licensee Regulations
Section 12318.
Universal Citation: CA Fin Code § 12318 (2020)
12318.
A prorater shall not take:
(a) Any contract, promise to pay, or other instrument which has any blank spaces when signed by a debtor;
(b) Any negotiable instrument for the prorater’s charges;
(c) Any note, wage assignment, real estate or chattel mortgage, or other security to secure the prorater’s charges;
(d) Any confession of judgment or power of attorney to confess judgment against the debtor or to appear for the debtor in a judicial proceeding.
(e) Concurrent with the signing of the contract or as part of the contract or as part of the application for the contract a release of any obligation to be performed on the part of the prorater.
(Added by Stats. 1957, Ch. 498.)
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