California Business and Professions Code

§ 7500.3

BPC § 7500.3 Effective Jan 1, 2023Div. 3 · Ch. 11 · Art. 1

Statute text

(a)A repossession agency shall not include any of the following:

(1)Any bank subject to the jurisdiction of the Commissioner of Financial Protection and Innovation of the State of California under Division 1 (commencing with Section 99) of the Financial Code or the Comptroller of the Currency of the United States.

(2)Any person organized, chartered, or holding a license or authorization certificate to make loans pursuant to the laws of this state or the United States who is subject to supervision by any official or agency of this state or the United States.

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Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 1. (SB 1498) Effective January 1, 2023.