California Business and Professions Code Section 7500.1
7500.1. The following terms as used in this chapter have the meaning expressed in this section:
(a) Advertisement means any written or printed communication, including a directory listing, except a free telephone directory listing that does not allow space for a license number.
(b) Assignment means any written authorization by the legal owner, lienholder, lessor, lessee, registered owner, or the agent of any of them, to repossess any collateral, including, but not limited to, collateral registered under the Vehicle Code that is subject to a security agreement that contains a repossession clause. Assignment also means any written authorization by an employer to recover any collateral entrusted to an employee or former employee in possession of the collateral. A photocopy of an assignment, facsimile copy of an assignment, or electronic format of an assignment shall have the same force and effect as an original written assignment.
(c) Bureau means the Bureau of Security and Investigative Services.
(d) Chief means the Chief of the Bureau of Security and Investigative Services.
(e) Collateral means any specific vehicle, trailer, boat, recreational vehicle, motor home, appliance, or other property that is subject to a security agreement.
(f) Combustibles means any substances or articles that are capable of undergoing combustion or catching fire, or that are flammable, if retained.
(g) Dangerous drugs means any controlled substances as defined in Chapter 2 (commencing with Section 11053) of Division 10 of the Health and Safety Code.
(h) Deadly weapon means and includes any instrument or weapon of the kind commonly known as a blackjack, slungshot, billy, sandclub, sandbag, metal knuckles, dirk, dagger, pistol, or revolver, or any other firearm, any knife having a blade longer than five inches, any razor with an unguarded blade, and any metal pipe or bar used or intended to be used as a club.
(i) Debtor means any person obligated under a security agreement.
(j) Department means the Department of Consumer Affairs.
(k) Director means the Director of Consumer Affairs.
(l) Electronic format includes, but is not limited to, a text message, email, or Internet posting.
(m) Health hazard means any personal effects that if retained would produce an unsanitary or unhealthful condition, or which might damage other personal effects.
(n) Legal owner means a person holding a security interest in any collateral that is subject to a security agreement, a lien against any collateral, or an interest in any collateral that is subject to a lease agreement.
(o) Licensee means an individual, partnership, limited liability company, or corporation licensed under this chapter as a repossession agency.
(p) Multiple licensee means a repossession agency holding more than one repossession license under this chapter, with one fictitious trade style and ownership, conducting repossession business from additional licensed locations other than the location shown on the original license.
(q) Person includes any individual, partnership, limited liability company, or corporation.
(r) Personal effects means any property that is not the property of the legal owner.
(s) Private building means and includes any dwelling, outbuilding, or other enclosed structure.
(t) Qualified certificate holder or qualified manager is a person who possesses a valid qualification certificate in accordance with the provisions of Article 5 (commencing with Section 7504) and is in active control or management of, and who is a director of, the licensee s place of business.
(u) Registered owner means the individual listed in the records of the Department of Motor Vehicles, or on a conditional sales contract, or on a repossession assignment, as the registered owner.
(v) Registrant means a person registered under this chapter.
(w) Repossession means the locating or recovering of collateral by means of an assignment.
(x) Secured area means and includes any fenced and locked area.
(y) Security agreement means an obligation, pledge, mortgage, chattel mortgage, lease agreement, deposit, or lien, given by a debtor as security for payment or performance of his or her debt, by furnishing the creditor with a recourse to be used in case of failure in the principal obligation. Security agreement also includes a bailment where an employer-employee relationship exists or existed between the bailor and the bailee.
(z) Services means any duty or labor to be rendered by one person for another.
(aa) Violent act means any act that results in bodily harm or injury to any party involved.
(bb) The amendments made to this section by Chapter 418 of the Statutes of 2006 shall not be deemed to exempt any person from the provisions of this chapter.
(Amended by Stats. 2015, Ch. 740, Sec. 1. Effective January 1, 2016.)Section: Previous 7500 7500.1 7500.2 7500.3 7500.3.a Next
Last modified: September 9, 2016