A prorater is a person who, for compensation, engages in whole or in part in the business of receiving money or evidences thereof for the purpose of distributing the money or evidences thereof among creditors in payment or partial payment of the obligations of the debtor.
Cal. Fin. Code § 12002.1
Definitions
Known as the Check Sellers, Bill Payers and Proraters Law
The act spans §§ 12000–12005 (8 sections).
Applied in 3 court decisions — leading case Jhass Group L.L.C. v. Arizona Department of Financial Institutions (2015)
Most recently applied in Jhass Group L.L.C. v. Arizona Department of Financial Institutions (October 2015)
Amended by Stats. 1972, Ch. 999.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.