Go to Previous Versions
of
this Section
2025 California Code
Financial Code - FIN
DIVISION 3 - CHECK SELLERS, BILL PAYERS, AND PRORATERS
CHAPTER 4 - Licensee Regulations
Section 12319.
Universal Citation:
CA Fin Code § 12319 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
12319. Every contract between a prorater and a debtor shall:
(a) List every debt to be prorated with the creditor’s name and disclose the total of all such debts;
(b) Provide payments reasonably within the ability of the debtor to pay in precise terms;
(c) Disclose in precise terms the rate and amount of the prorater’s charge;
(d) Disclose the approximate number and amount of installments required to pay the debts in full;
(e) Disclose the name and address of the prorater and of the debtor;
(f) Contain such other provision or disclosures as the commissioner shall determine is necessary for the protection of the debtor and the proper conduct of business by a prorater.
(Added by Stats. 1957, Ch. 498.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
