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Code · California · Financial Code

§ 12315

49 words·~1 min read·/ca/financial-code/12315

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A prorater shall not receive any fee unless he has the consent of at least 51 percent of the total amount of indebtedness and of the number of creditors listed in the prorater’s contract with the debtor, or such like number of creditors have accepted a distribution of payment.
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