California Business and Professions Code Section 7507.4

CA Bus & Prof Code § 7507.4 (2017)  

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 chapter.

(Amended by Stats. 2013, Ch. 340, Sec. 3. (AB 791) Effective January 1, 2014.)

Last modified: October 25, 2018