California Statutes
§ 12318. — 12318. (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 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.
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California § 12318. (12318. (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.