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§ 12318 — California Law | CourtGPT
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  5. Division 3 - Check Sellers, Bill Payers, and Proraters/
  6. Chapter 4 - Licensee Regulations/
  7. § 12318
California Legal Code

§ 12318

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12318. 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.(Added by Stats. 1957, Ch. 498.)

Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=3.&title=&part=&chapter=4.&article=· Version 2026