California Statutes
§ 12315. — 12315. (Added by Stats. 1957, Ch. 498.)
California·Code FIN Financial Code - FIN·Div. 3. DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS·Ch. 4. CHAPTER 4. Licensee Regulations
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.
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California § 12315. (12315. (Added by Stats. 1957, Ch. 498.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1957, Ch. 498.