California Business and Professions Code 7508.5 – The director may assess administrative fines against a repossession …
The director may assess administrative fines against a repossession agency registrant for the following acts, in addition to fines imposed pursuant to any other section in this article. The fine shall be twenty-five dollars ($25) for each of the following violations:
(a) Knowingly submit a false report.
Terms Used In California Business and Professions Code 7508.5
- Bureau: means the Bureau of Security and Investigative Services. See California Business and Professions Code 7500.1
- Director: means the Director of Consumer Affairs. See California Business and Professions Code 7500.1
- 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
- Repossession: means any of the following:
California Business and Professions Code 7500.1
- Violent act: means any act that results in bodily harm or injury to any party involved during the repossession up until the time the repossessor is back in their vehicle. See California Business and Professions Code 7500.1
(b) Submitting a report to a client without authorization by his or her employer.
(c) Failing to carry a bureau-issued identification card and failing to show that card upon demand to a bureau employee or a law enforcement officer.
(d) Failing to register.
(e) Failing to return his or her registration card to the employer upon termination.
(f) Failing to report a violent act involving the registrant to the licensee or the licensee’s qualified certificate holder within 24 hours.
(Amended by Stats. 2014, Ch. 390, Sec. 7. (AB 2503) Effective September 17, 2014.)