{"code":"BPC","codeName":"Business and Professions Code","section":"7503.9","citation":"Bus. & Prof. Code, § 7503.9","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 3. PROFESSIONS AND VOCATIONS GENERALLY [5000. - 9998.12.]","url":"https://blackletter.si/business-and-professions-code/division-3"},{"name":"CHAPTER 11. Repossessors [7500. - 7511.5.]","url":"https://blackletter.si/business-and-professions-code/division-3/chapter-11"},{"name":"ARTICLE 4. Licenses [7503. - 7503.14.]","url":"https://blackletter.si/business-and-professions-code/division-3/chapter-11/article-4"}],"history":"Amended by Stats. 1995, Ch. 505, Sec. 9.   Effective January 1, 1996.","effective":"1996-01-01","html":"<p>(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable.</p><p>(b) A repossession agency may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section <a href=\"/bpc/7511\">7511</a>, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.</p>","text":"(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable. (b) A repossession agency may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section 7511, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/licenses-7503-9","source":"California Legislative Information bulk export (pubinfo)"}