BILL NUMBER: SB 899	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator La Malfa

                        FEBRUARY 18, 2011

   An act to amend Section 7502 of the Business and Professions Code,
relating to repossessors.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 899, as introduced, La Malfa. Repossessors.
   Existing law, the Collateral Recovery Act, provides for the
licensure and regulation of repossession agencies by the Bureau of
Security and Investigative Services under the supervision and control
of the Director of Consumer Affairs. Existing law prohibits a person
from engaging in this state in the activities of a repossession
agency unless the person holds a valid repossession agency license or
is exempt from licensure, as specified.
   This bill would make a nonsubstantive change to these provisions.

   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 7502 of the Business and Professions Code is
amended to read:
   7502.  No person shall engage  within   in
 this state in the activities of a repossession agency as
defined in Section 7500.2 unless the person holds a valid
repossession agency license or is exempt from licensure pursuant to
Section 7500.2 or 7500.3.