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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - California Code, Financial Code - FIN § 12318 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-12318/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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