{"code":"FIN","codeName":"Financial Code","section":"12318","citation":"Fin. Code, § 12318","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS [12000. - 12404.]","url":"https://blackletter.si/financial-code/division-3"},{"name":"CHAPTER 4. Licensee Regulations [12300. - 12332.]","url":"https://blackletter.si/financial-code/division-3/chapter-4"}],"history":"Added by Stats. 1957, Ch. 498.","effective":null,"html":"<p>A prorater shall not take:</p><p>(a) Any contract, promise to pay, or other instrument which has any blank spaces when signed by a debtor;</p><p>(b) Any negotiable instrument for the prorater’s charges;</p><p>(c) Any note, wage assignment, real estate or chattel mortgage, or other security to secure the prorater’s charges;</p><p>(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.</p><p>(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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensee-regulations-12318","source":"California Legislative Information bulk export (pubinfo)"}