ARTICLE 8. Conduct of Business [7507. - 7507.13.]
Article 8 added by Stats. 1981, Ch. 1138, Sec. 11.
§§ 7507–7507.13 · 16 sections
- § 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 forms prescribed…
- § 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. The principal…
- § 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, when…
- § 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…
- § 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…
- § 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…
- § 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…
- § 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…
- § 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…
- § 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.…
- § 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 hours, except that if…
- § 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 them, and the…
- § 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…
- § 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…
- § 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…
- § 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…