Bus. & Prof. Code, § 7500.2 · Article 1. General Provisions
Bus. & Prof. Code, § 7500.2
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A repossession agency means and includes any person who, for any consideration whatsoever, engages in business or accepts employment to locate or recover collateral, whether voluntarily or involuntarily, including, but not limited to, collateral registered under the provisions of the Vehicle Code which is subject to a security agreement, except for any person registered pursuant to Article 7 (commencing with Section 7506).
(b) A repossession agency licensed pursuant to this chapter shall only transact business with another person or entity as an independent contractor.
(c) A repossession agency shall not allow a person or entity other than the qualified certificate holder, as provided in Section 7505.1, or the owner or officer of the repossession agency, to manage the day-to-day operations, operate, control, or transact business covered by this act, except as provided in Section 7503.3.
Notes and commentary — not statutory text
History
Amended by Stats. 2014, Ch. 390, Sec. 1. (AB 2503) Effective September 17, 2014.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=7500.2.
- Text hash
- sha256 bdaeec400558382764eeb09e041831768c2d1eff58c5b4499205942a90ed99ef
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business and Professions Code
Cited by 12 provisions
Provisions in this library whose text cites Bus. & Prof. Code, § 7500.2. Each shows the citation as that text prints it.
Business and Professions Code
Vehicle Code
- Veh. Code, § 14602.6Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
- Veh. Code, § 14602.7Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
- Veh. Code, § 14602.8Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
- Veh. Code, § 14602.9Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
- Veh. Code, § 21100.4Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
- Veh. Code, § 22658Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
- Veh. Code, § 22659.5Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
- Veh. Code, § 23118Printed as Section 7500.2 or 7500.3 of the Business and Professions Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.