Section 12318.  


Latest version.
  • A prorater shall not take:

    (a) Any contract, promise to pay, or other instrument which has any blank spaces when signed by a debtor;

    (b) Any negotiable instrument for the prorater's charges;

    (c) Any note, wage assignment, real estate or chattel mortgage, or other security to secure the prorater's charges;

    (d) Any confession of judgment or power of attorney to confess judgment against the debtor or to appear for the debtor in a judicial proceeding.

    (e) Concurrent with the signing of the contract or as part of the contract or as part of the application for the contract a release of any obligation to be performed on the part of the prorater.

(Added by Stats. 1957, Ch. 498.)