BlackletterCalifornia law

Financial Code § 12331

CHAPTER 4. Licensee Regulations

Current as of September 28, 2026Fin. Code, § 12331Official source ↗

Repealed and added by Stats. 1972, Ch. 1285.

Within the organization of each prorater corporation, either as an owner, officer, or employee, there shall be one or more persons possessing a minimum of five years experience in consumer credit extension or credit collection activity. At least one such qualified person shall be stationed on duty at each business location during the time the location is open for business.