California Financial Code

§ 12315

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 12315Div. 3 · Ch. 4

Statute text

View on leginfo.ca.gov

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.

Legislative history

Added by Stats. 1957, Ch. 498.