{"code":"FIN","codeName":"Financial Code","section":"12320","citation":"Fin. Code, § 12320","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 deliver a copy of any contract or agreement between the prorater and a debtor to the debtor immediately after the debtor executes it, and the debtor’s copy shall be executed by the prorater. A contract shall not be effective until a debtor has made a payment to the prorater for distribution to his creditors.</p>","text":"A prorater shall deliver a copy of any contract or agreement between the prorater and a debtor to the debtor immediately after the debtor executes it, and the debtor’s copy shall be executed by the prorater. A contract shall not be effective until a debtor has made a payment to the prorater for distribution to his creditors.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensee-regulations-12320","source":"California Legislative Information bulk export (pubinfo)"}