California Business and Professions Code ARTICLE 8 - Conduct of Business

• Section 7507.
  A licensee shall notify the bureau within 30 days of any change of its corporate officers or of the addition of any partners. Applications, on...
• Section 7507.1.
  A licensee or a qualified certificate holder shall, within 30 days after such change, notify the bureau of any change of his or her address....
• Section 7507.2.
  (a) A licensee is responsible for those actions that are performed in violation of this chapter by his or her registrants, including his or her manager,...
• Section 7507.3.
  A repossession agency shall be required to keep and maintain adequate records of all transactions, including, but not limited to, assignment or repossession order forms;...
• Section 7507.4.
  A licensed repossession agency or its registrants shall not make demand for payment in lieu of repossession and shall not sell collateral recovered under this...
• Section 7507.5.
  No charge shall be made for services incurred in connection with the recovery, transportation, and storage of collateral except under terms agreed to by the...
• Section 7507.6.
  (a) Within seven days after a violent act has occurred involving a licensee, or any officer, partner, qualified certificate holder, registrant, or employee of a licensee,...
• Section 7507.7.
  Within seven days after receiving a final civil court judgment filed against the licensee or any officer, partner, qualified certificate holder, or registrant of a...
• Section 7507.8.
  Every advertisement by a licensee, soliciting or advertising business, shall contain the licensee’s name, address, and license number as they appear in the records of...
• Section 7507.9.
  Personal effects shall be removed from the collateral, including any personal effect that is mounted but detachable from the collateral by a release mechanism. A...
• Section 7507.10.a.
  A licensee shall serve a debtor with a notice of seizure as soon as possible after the recovery of collateral and not later than 48...
• Section 7507.11.
  Any written report to a client shall be submitted by the licensee, the qualified certificate holder, or a person authorized by one or either of...
• Section 7507.115.
  (a) A licensee shall not appraise or determine the value of any collateral, whether damaged or not.(b) (1) Notwithstanding subdivision (a), a licensee may complete a condition report...
• Section 7507.12.
  (a) With regard to collateral subject to registration under the Vehicle Code, a repossession is complete if any of the following occurs:(1) The repossessor gains entry to...
• Section 7507.125.
  Nothing in this chapter prohibits the using or taking of personal effects that are connected, adjoined, or affixed to the collateral through an unbroken sequence,...
• Section 7507.13.
  (a) A licensed repossession agency is not liable for the act or omission of a legal owner, debt collector, debtor, lienholder, lessor, lessee, or registered owner,...

Last modified: October 22, 2018