California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 11 — Repossessors, Article 5 — Examination, Section 7504.7
(a) Except as provided in this section, every qualification certificate issued or renewed under this chapter is subject to the same renewal provisions that apply to a repossession agency license as set forth in Sections 7503.10, 7503.11, 7503.12, 7503.13, and 7503.14.
(b) An initial qualification certificate shall expire one year following the date of issuance, unless renewed as provided in this chapter.
(c) A renewal qualification certificate shall expire two years following the date of renewal, unless renewed as provided in this chapter.
Notes
Sets qualification certificates, except as this section provides otherwise, under the same renewal rules that apply to repossession agency licenses in the cited sections. An initial qualification certificate expires one year after issuance, while a renewed qualification certificate expires two years after renewal unless renewed again as provided by the chapter.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7504.7 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-11/article-5/section-7504-7