Financial Code § 12324

CHAPTER 4. Licensee Regulations

Current as of September 28, 2026Fin. Code, § 12324Official source ↗

Added by Stats. 1957, Ch. 498.

A prorater shall not:

(a) Offer, pay, or give any cash, fee, gift, bonus, premium, reward, or other compensation to any person for referring any prospective customer to the prorater;

(b) Receive any cash, fee, gift, bonus, premium, reward, or other compensation from any person other than the debtor in connection with his activities as a prorater.