§ 12318
112 words·~1 min read·
/ca/financial-code/12318A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A prorater shall not take:
(a)Any contract, promise to pay, or other instrument which has any blank spaces when signed by a debtor;
(b)Any negotiable instrument for the prorater’s charges;
(c)Any note, wage assignment, real estate or chattel mortgage, or other security to secure the prorater’s charges;
(d)Any confession of judgment or power of attorney to confess judgment against the debtor or to appear for the debtor in a judicial proceeding.
(e)Concurrent with the signing of the contract or as part of the contract or as part of the application for the contract a release of any obligation to be performed on the part of the prorater.