GroundRules
FIN § 12315
Where this section sits in the code
- Financial Code - FIN
- DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS [12000. - 12404.]
- CHAPTER 4. Licensee Regulations [12300. - 12332.]
A prorater shall not receive any fee unless he has the consent of at least 51 percent of the total amount of indebtedness and of the number of creditors listed in the prorater’s contract with the debtor, or such like number of creditors have accepted a distribution of payment.
Collected 2026-09-14T05:56:33Z. Source file · JSON