Statute · California Financial Code
Cal. Fin. Code § 12002.1 — Definitions
Cal. Fin. Code § 12002.1
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A prorater is a person who, for compensation, engages in whole or in part in the business of receiving money or evidences thereof for the purpose of distributing the money or evidences thereof among creditors in payment or partial payment of the obligations of the debtor.
Citator
Cal. Fin. Code § 12002.1 — Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
A prorater is a person who, for compensation, engages in whole or in part in the business of receiving money or evidences thereof for the purpose of distributing the money or evidences thereof among creditors in payment or partial payment of the obligations of the debtor.