California Business and Professions Code 7507.7 – Within seven days after receiving a final civil court judgment filed …
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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 licensee, for an amount of more than the then prevailing maximum claim that may be brought in a small claims court pertaining to an act done within the course and scope of his or her employment or contract, the licensee, or his or her qualified certificate holder, or his or her registrant, shall mail or deliver to the chief a copy of the judgment.
(Amended by Stats. 1995, Ch. 505, Sec. 24. Effective January 1, 1996.)
Terms Used In California Business and Professions Code 7507.7
- Chief: means the Chief of the Bureau of Security and Investigative Services. See California Business and Professions Code 7500.1
- Contract: A legal written agreement that becomes binding when signed.
- Licensee: means an individual, partnership, limited liability company, or corporation licensed under this chapter as a repossession agency. See California Business and Professions Code 7500.1
- Registrant: means a person registered under this chapter. See California Business and Professions Code 7500.1