Section 12318.
Cal. Financial Code - FIN § 12318.
in effectA 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.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026