Sections
4 entriesSection 7500Defines the chapter as the Business and Professions Code chapter concerning repossessors and allows it to be cited as the Collateral Recovery…Section 7500.1Defines repossession-law terms including advertisement, assignment, collateral, legal owner, licensee, personal effects, repossession, security agreement, and violent act. Written repossession authority may…Section 7500.2Defines a repossession agency as a person who, for consideration, locates or recovers collateral, including secured vehicles, but excludes persons registered under…Section 7500.3Exempts specified banks, supervised lenders, attorneys acting as attorneys, legal owners and regular employees, public officers on official duty, licensee personnel, and…