Cal. Financial Code § 12319
Cal. Financial Code § 12319
California · California Financial Code · Status: effective
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- Citation
- Cal. Financial Code § 12319, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/814352
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Full text
Every contract between a prorater and a debtor shall:
(a) List every debt to be prorated with the creditor’s name and disclose the total of all such debts;
(b) Provide payments reasonably within the ability of the debtor to pay in precise terms;
(c) Disclose in precise terms the rate and amount of the prorater’s charge;
(d) Disclose the approximate number and amount of installments required to pay the debts in full;
(e) Disclose the name and address of the prorater and of the debtor;
(f) Contain such other provision or disclosures as the commissioner shall determine is necessary for the protection of the debtor and the proper conduct of business by a prorater.