California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 11 — Repossessors, Article 9 — Prohibited Acts and Citations, Section 7508.6
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.
Notes
Allows the director to assess a $50 administrative fine for each violation by a repossession agency licensee, qualified certificate holder, or registrant who fails to notify the bureau within 30 days of a residence or business address change. The duty and fine apply separately to each covered failure to provide timely address-change notice.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7508.6 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-11/article-9/section-7508-6