Ca_Law

statute | California

Financial Code - FIN - FIN § 12319

  • UIDca_leginfo_codes:fin-12319
  • CitationFinancial Code - FIN - FIN § 12319
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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

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.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 12319

    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…