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.)
California Legal Code
§ 12318
Source: https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?lawCode=FIN&division=3.&title=&part=&chapter=4.&article=· Version 2026