Cal. Fin. Code § 12320

Current through the 2023 Legislative Session.

Section 12320 - Copy of contract delivered to debtor; contract effective upon payment by debtor to prorater

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.

Ca. Fin. Code § 12320

Added by Stats. 1957, Ch. 498.