Sections
13 entriesSection 7508Allows the director to assess administrative fines against any repossession agency licensee, qualified certificate holder, or registrant for prohibited acts identified in…Section 7508.1Allows the director to fine repossession-license violations: false reports carry $100 for a first violation and $500 thereafter; unauthorized identification carries $100,…Section 7508.2Allows administrative fines for repossession misconduct: unauthorized recovery $100 first/$500 later; personal use or sale of collateral $250 then up to $1,000,…Section 7508.3Prohibits repossession licensees, registrants, employees, and certificate holders from using false or misleading representations during collateral recovery, including false government affiliation, attorney…Section 7508.4Sets repossession fines: $1,000 for unlicensed-location or license-assignment conduct; 15-day registrant delays $250 then $1,000; disqualified-registrant employment $150 then $1,000; 30-day officer-notice…Section 7508.5Allows the director to assess a $25 administrative fine against a repossession agency registrant for each listed act, including knowingly filing a…Section 7508.6Allows the director to assess a $50 administrative fine for each violation by a repossession agency licensee, qualified certificate holder, or registrant…Section 7508.7Prohibits a repossession agency, except as otherwise allowed by law or court order, from disclosing specified personal information about its licensees, registrants,…Section 7508.8Allows specified repossession-agency personnel to wear approved oval, shield, round, square, or non-seven-point badges, cap insignia, or jacket patches bearing the agency…Section 7509Allows licensees, certificate holders, or registrants to seek committee review of administrative fines or denials, revocations, or suspensions, except director-ordered actions under…Section 7509.1Establishes a five-member Collateral Recovery Disciplinary Review Committee appointed by the Governor on or before July 1, 2017, with three licensed repossession-agency…Section 7509.2Requires the Collateral Recovery Disciplinary Review Committee to affirm, rescind, or modify appealed decisions involving administrative fines and specified license denials, excluding…Section 7509.3Requires the bureau, before any Collateral Recovery Disciplinary Review Committee review or appeal, to provide the committee all evidence the bureau used…