§ 12320
57 words·~1 min read·
/ca/financial-code/12320A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.