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2025 California Code
Financial Code - FIN
DIVISION 3 - CHECK SELLERS, BILL PAYERS, AND PRORATERS
CHAPTER 4 - Licensee Regulations
Section 12315.
Universal Citation:
CA Fin Code § 12315 (2025)
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12315. A prorater shall not receive any fee unless he has the consent of at least 51 percent of the total amount of indebtedness and of the number of creditors listed in the prorater’s contract with the debtor, or such like number of creditors have accepted a distribution of payment.
(Added by Stats. 1957, Ch. 498.)
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