Statute · California Financial Code
Cal. Fin. Code § 12318 — Licensee Regulations
Cal. Fin. Code § 12318
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A prorater shall not take:
Citator
Cal. Fin. Code § 12318 — Licensee Regulations is in force in the current edition of the Code, and nothing recorded condemns it.
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.