California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 11 — Repossessors, Article 6 — Offices, Section 7505.5
The person deemed to be actively in charge of an office shall be the holder of a qualification certificate and the certificate, together with the current renewal certificate, shall be prominently displayed below the repossession agency’s license. The person shall be in charge of not more than two licensed locations. The person shall share equally with the licensee the responsibility for the conduct of the business and the personnel of the licensed agency or agencies, if more than one agency is licensed at that location. This section shall not apply to any licensee who notifies the bureau in writing that the licensee is not conducting any business, but wishes to maintain a current license status with the bureau. When the licensee resumes conducting business, the licensee shall so inform the bureau in writing within 30 days.
Notes
Requires the person actively in charge of an office to hold and prominently display a qualification certificate and current renewal below the agency license, oversee no more than two licensed locations, and share responsibility for business and personnel. A nonoperating licensee may opt out by written notice, but must notify the bureau within 30 days after resuming business.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7505.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-11/article-6/section-7505-5