Financial Code section 12320

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.

Source: Section 12320, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=12320. (updated Jan. 1, 1957; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 12320's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_12320

Original Source: Section 12320, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=12320. (last accessed May 12, 2025).