{"code":"FIN","codeName":"Financial Code","section":"12319","citation":"Fin. Code, § 12319","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>Every contract between a prorater and a debtor shall:</p><p>(a) List every debt to be prorated with the creditor’s name and disclose the total of all such debts;</p><p>(b) Provide payments reasonably within the ability of the debtor to pay in precise terms;</p><p>(c) Disclose in precise terms the rate and amount of the prorater’s charge;</p><p>(d) Disclose the approximate number and amount of installments required to pay the debts in full;</p><p>(e) Disclose the name and address of the prorater and of the debtor;</p><p>(f) Contain such other provision or disclosures as the commissioner shall determine is necessary for the protection of the debtor and the proper conduct of business by a prorater.</p>","text":"Every contract between a prorater and a debtor shall: (a) List every debt to be prorated with the creditor’s name and disclose the total of all such debts; (b) Provide payments reasonably within the ability of the debtor to pay in precise terms; (c) Disclose in precise terms the rate and amount of the prorater’s charge; (d) Disclose the approximate number and amount of installments required to pay the debts in full; (e) Disclose the name and address of the prorater and of the debtor; (f) Contain such other provision or disclosures as the commissioner shall determine is necessary for the protection of the debtor and the proper conduct of business by a prorater.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensee-regulations-12319","source":"California Legislative Information bulk export (pubinfo)"}