California Business and Professions Code 7508.6 – The director may assess administrative fines against any repossession …
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The director may assess administrative fines against any repossession agency licensee, qualified certificate holder, or registrant for failure to notify the bureau within 30 days of any change of residence or business address. The fine shall be fifty dollars ($50) for each violation.
(Amended by Stats. 2016, Ch. 800, Sec. 8. (SB 1196) Effective January 1, 2017.)
Terms Used In California Business and Professions Code 7508.6
- 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