BILL ANALYSIS                                                                                                                                                                                                    Ó



          SENATE COMMITTEE ON
          BUSINESS, PROFESSIONS AND ECONOMIC DEVELOPMENT
                              Senator Jerry Hill, Chair
                                2015 - 2016  Regular 

          Bill No:            AB 281          Hearing Date:    June 15,  
          2015
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          |Author:   |Gallagher                                             |
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          |Version:  |June 8, 2015   Amended                                |
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          |Urgency:  |No                     |Fiscal:    |Yes              |
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          |Consultant|Janelle Miyashiro                                     |
          |:         |                                                      |
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                           Subject:  Collateral recovery.


          SUMMARY:  Establishes a Collateral Recovery Disciplinary Review  
          Committee (DRC) within the Bureau of Security and Investigative  
          Services (Bureau) to review a request of a licensee to contest  
          an administrative fine or to appeal the denial of a license.   
          Authorizes licensed repossessors to display a printout of their  
          registration or a screenshot of their registration from the  
          Bureau's website.  Makes clean-up, clarifying language that  
          prohibits licensed repossessors from performing repair work on  
          collateral; removes provisions in law authorizing repossessors  
          to make demands for payment in lieu of repossession; and removes  
          the reference to "skip trace".  Defines "repossession" as  
          relating to the work of repossessors.  Makes other technical,  
          updating, and conforming changes.

          Existing law:
          
          1) Provides for the licensure and regulation of licensed  
             repossession agencies (LRAs), repossessors, and repossessor  
             qualified managers (QMs) by the Bureau of Security and  
             Investigative Services (Bureau) in the Department of Consumer  
             Affairs (DCA) under the Collateral Recovery Act (Act), which  
             governs collateral repossessions by a legal owner,  
             lienholder, lessor or lessee or the agent of any of them  
             based on written authorization and a security agreement.   
             (Business and Professions Code (BPC) § 7500 et seq.)   








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          2) Defines a "repossession agency" to include any person who,  
             for any consideration whatsoever, engages in business or  
             accepts employment to locate or recover collateral.  (BPC §  
             7500.2)

          3) Authorizes the Bureau to deny a license if the applicant has  
             committed specified acts.  (BPC § 7503.5)
           
          4) Authorizes the Bureau to assess administrative fines against  
             any licensee for specified acts.  (BPC § 7508.1)

          5) Prohibits a person from performing the duties of a registrant  
             for a LRA unless he or she has in his or her possession a  
             valid repossessor registration card or evidence of a valid  
             temporary registration or registration renewal, and requires  
             every person engaged in repossession activities to display  
             his or her valid pocket card issued by the Bureau.  (BPC §  
             7506.9(d))

          6) Authorizes a person to perform the duties of a registrant  
             pending receipt of a registration card if the person has been  
             approved by the Bureau and carries on his or her person a  
             hardcopy printout of the BSIS's approval from the BSIS's  
             website and valid picture identification.  (BPC § 7506.9(e)) 

          7) Prohibits a licensed repossession agency or its registrants  
             from making payment demands in lieu of repossession as well  
             as prohibits licensee from selling recovered collateral.   
             (BPC § 7507.4)

          8) Authorizes licensed repossessors to charge owners for repair  
             work on collateral, if expressly authorized to do so.  (BPC  
             §7507.5)

          9) Requires that all personal effects be removed from the  
             recovered collateral including any personal effect that is  
             mounted but detachable by a release mechanism.  Requires a  
             complete and accurate inventory of the personal effects be  
             made, labeled, and stored by the licensee for a minimum of 60  
             days.  
          (BPC § 7507.9)

          10)Requires a licensee to serve a debtor with a notice of  
             seizures as soon as possible after the recovery of  








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             collateral.  (BPC § 7507.10)

          11)Prohibits a licensee from falsifying or altering an  
             inventory.  (BPC § 7508.2(f))

          12)Establishes two Private Security DRCs, one in northern  
             California and one in southern California, which licensees  
             have the option of using to review administrative fines and  
             licensure decisions, except as specified.  (BPC §§  
             7581.1-7581.5)


          13)Establishes an Alarm Company Operator DRC, which licensees  
             have the option of using to review administrative fines and  
             licensure decisions, except as specified.  (BPC §§  
             7591.17-7591.20)

          14)Requires the person taking a vehicle by or on behalf of its  
             legal owner under the terms of a security or lease agreement,  
             to contact the city police, sheriff, or campus police  
             department where the taking of possession occurred within one  
             hour after taking possession of the vehicle by the most  
             expeditious means available.  
          (Vehicle Code (VC) § 28)

          This bill:

          1)Establishes a Collateral Recovery Disciplinary Review  
            Committee (DRC) within the Bureau to review a request from a  
            licensee to contest an administrative fine or appeal the  
            denial of a license.

             a)   The members of the DRC will consist of five members  
               appointed by the Governor: three members actively engaged  
               in the business of a licensed repossession agency and two  
               public members.  Each member of the DRC will be appointed  
               for a term of four years.

             b)   Requires a licensee or applicant for a license, to  
               request review by written notice to the DRC within 30 days  
               of the issuance of a citation and requires the DRC to  
               notify the appellant within 30 days of the review of the  
               DRC's decision.









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             c)   Authorizes an appellant who disagrees with the DRC's  
               decision to request a formal administrative hearing within  
               30 days of the DRC's notification of decision otherwise the  
               DRC's decision is final.

             d)   Requires the DRC to meet as frequently required and  
               authorizes members of the DRC to be paid per diem and  
               reimbursed for actual travel expenses.

          2)Authorizes a licensed repossessor to display a hardcopy  
            printout or electronic copy, including a screenshot, of the  
            Bureau's approval from the Bureau's website.  

          3)Prohibits a licensed repossessor from performing or charging  
            for repair work, cleaning, or detailing of any collateral  
            recovered.

          4)Updates the method repossessors use to locate collateral by  
            removing the reference to "skip trace" and replacing the term  
            with "look for".

          5)Defines the term "repossession" to mean recovering collateral  
            by means of an assignment by the legal owner, lien-holder,  
            lessor, lessee or registered owner.

          6)Authorizes a repossession agency to make a good faith effort  
            to inventory any personal effects of value through either a  
            written or photographic inventory.

          7)Prohibits a repossession agency to inventory or remove any  
            trash in recovered collateral.

          8)Requires a licensee that is unable to open a trunk, glove box,  
            or any other compartment, to contact the legal owner of the  
            recovered collateral.  Within 72 hours of this notification,  
            the registered owner must provide the licensee with either a  
            key or authorize a key to be made (at the registered owner's  
            expense) in order for the licensee to inventory the contents  
            of the inaccessible compartment.  

          9)Authorizes a repossession agency to store any personal effects  
            inside the collateral until the collateral is no longer in the  
            possession of the repossession agency.









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          10)Authorizes a repossession agency to allow a registered owner  
            or person in possession of the vehicle to sign a waiver  
            forfeiting any personal effects not covered by a security  
            agreement.  Authorizes a repossession agency to dispose of  
            these forfeited personal effects immediately after obtaining  
            the signed waiver from the registered owner or person in  
            possession of the vehicle.

          11)Prohibits a repossession agency from selling any personal  
            effects not secured by a security agreement and remitting the  
            money from the sale to a third party, including any lending  
            institution.  

          12)Prohibits a licensee from releasing or conspiring to release  
            the personal effects or other personal property not covered by  
            a security agreement to anyone other than the debtor or person  
            in possession of the collateral at the time of the  
            repossession.

          13)Requires a licensed repossessor agency to provide a notice of  
            the above mentioned inventory and reporting requirements of a  
            repossessor agency to a legal owner from which the agency  
            accepts an assignment on or before January 31 of each year.

          14)Prohibits a repossession agency from disclosing, to the  
            public, any person or nongovernmental entity's residence  
            address, residence telephone number, cellular telephone  
            number, driver's license number, work schedule, and the past,  
            present, or future location, of any licensee,  registrant,  
            qualified certificate holder, qualified manager, employee, or  
            any independent contractor the agency employs without a court  
            order.

          15)Authorizes a repossession agency to provide to an insurance  
            company, the name, driver's license number, and date of birth  
            of a licensee, registrant, qualified certificate holder,  
            qualified manager, employee, or any independent contractor the  
            agency employs for the purpose of verifying information for  
            the issuance or renewal of an insurance policy.

          16)Amends the vehicle code to mandate the tow yard, storage  
            facility, or impounding yard to direct the registered owner of  
            a recovered vehicle to the city police, sheriff, or campus  
            police department of the jurisdiction in which the collateral  








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            was recovered.  Prohibits the person taking possession of the  
            recovered vehicle on behalf of the vehicle's legal owner from  
            notifying the law enforcement department of the jurisdiction  
            of the tow yard, storage facility, or impounding yard of the  
            removal.

          17)Makes other technical clean up references to correct code  
            sections in the Act.

          
          FISCAL  
          EFFECT:  This bill is keyed "fiscal" by Legislative Counsel.   
          According to the Assembly Appropriations analysis written on May  
          6, 2015, this bill will result in ongoing costs of approximately  
          $47,000 annually (special funds) to the Bureau for a half-time  
          staff services analyst (SSA) position and four hearings per year  
          associated with the new DRC.
          
          COMMENTS:
          
          1. Purpose.  This bill is sponsored by the  California  
             Association of Licensed Repossessors (CALR)  .  According to  
             the Author, "AB 281 would establish a Collateral Recovery  
             Disciplinary Review Committee (DRC), for the purpose of  
             reviewing the request of a licensee to contest the assessment  
             of an administrative fine or to appeal a denial of a  
             license."
             
             The Author states, "Disciplinary actions currently take a  
             lengthy period of time, sometimes a year and a half to reach  
             their final outcome.  A DRC would result in determinations on  
             a much more expedited basis, and the licensee may accept the  
             outcome of the DRC and not pursue an appeal.  That has been  
             the experience for DRCs with security guards."

          2. Background.  Under existing law, a creditor, legal, or  
             registered owner may contract with a repossession agency to  
             locate and recover viable collateral for resale, with the  
             proceeds going towards the outstanding loan amount.  While  
             many car dealers offer financing on site at the dealership,  
             the financing component is actually covered by a separate  
             subsidiary or creditor, whose employees can repossess a  
             vehicle.  However, it is common practice for those creditors  
             to hire repossession agencies to recover those vehicles  








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             instead of using its own employees.  Those agencies must  
             register with the Bureau.  All managers and employees must  
             also register with the Bureau, and are subject to a  
             background check at that time.  The Collateral Recovery Act  
             strictly regulates the activities of repossession agencies  
             and their employees.
             
             Currently, there are approximately 309 licensed repossession  
             agencies (LRAs), 
             891 actively licensed repossessors, and 330 actively licensed  
             repossessor qualified managers (QMs) operating within  
             California.   In order to be eligible for licensure as a LRA,  
             an applicant must have at least two years (2,000 hours each  
             year) of compensated experience totaling not less than 4,000  
             hours as a registrant or a LRA.  In addition to meeting  
             experience requirements, applicants must pass a written  
             examination.  Any applicant who worked for a licensed  
             repossession agency must have been registered as a  
             repossession agency employee to claim the experience.  

          3. Disciplinary Review Committees (DRCs).  The Private Security  
             Services Act establishes two DRCs, one in northern California  
             and one in southern California and the Alarm Company Operator  
             Act establishes one DRC.  The DRCs provide their respective  
             applicants and licensees an alternate path to consider  
             appeals of the BSIS's decisions to deny, suspend or revoke  
             licenses, or assess administrative fines.  All DRCs are  
             comprised of five members appointed by the Governor, three of  
             whom are professional members actively engaged in their  
             respective businesses and two of whom are public members.   
             DRC meetings are scheduled depending on the number of appeals  
             received and are conducted in accordance with the Open  
             Meeting Act.
             
             The Private Security Services Act and the Alarm Company  
             Operator Act have different processes for their respective  
             DRCs.  For Private Security DRCs, applicants and licensees  
             have the option of filing an appeal with the DRC or through  
             the administrative hearing process.  If the applicant or  
             licensee requests the appeal to be heard first by the DRC,  
             the applicant or licensee may still appeal a DRC decision  
             through the administrative process.  For the Alarm Company  
             Operator DRC, applicants and licensees are required to file  
             their appeal with a DRC first, and are then provided the  








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             ability to appeal a DRC decision through the administrative  
             process.  The Collateral Recovery DRC in this bill is modeled  
             after the Alarm Company DRC.

             When applicants and licensees file their appeals to a DRC,  
             Bureau staff schedules the appeal review for an upcoming  
             meeting and mail the respondent information about the meeting  
             and what to expect.  Approximately two weeks before a  
             scheduled DRC meeting, Bureau staff provides each DRC member  
             with a case file for each appeal to be heard during the  
             meeting.  During the hearing, the applicant or licensee is  
             afforded the opportunity to present his or her case.  He or  
             she may be represented by an attorney and may bring witnesses  
             as character references or observers of the incident  
             resulting in the Bureau's action.  DRC members ask questions  
             to clarify issues related to the case to obtain the  
             information needed to make a decision on the appeal.  The  
             average hearing time per person is 15-30 minutes.  The Bureau  
             staff mail the applicant or licensee the DRC's decision on  
             their appeal within 30 days.

             In March of this year, the Assembly Committee on Business and  
             Professions and the Senate Committee on Business, Professions  
             and Economic Development held a joint sunset oversight  
             hearing to review several of the boards and bureaus under the  
             DCA, including the Bureau.  In the Bureau's sunset report, it  
             noted, "To maximize the efficiency of its disciplinary  
             activities, the [Bureau] ensures that those licensees  
             eligible to have their appeals heard by a Bureau [DRC] are  
             properly notified of this option in a timely manner.  Each  
             year, approximately 900 [Bureau] licensees request an appeal  
             of their denials, suspensions, or imposition of fines through  
             DRC[s]."

             The Bureau notes that the number of pending appeal cases  
             changes depending on the fluctuating quantity of incoming  
             appeal requests from applicants and licensees.  It also  
             states that it has been able to address a high number of  
             pending appeals by scheduling two-day hearings and meeting  
             monthly to accommodate the number of appeals.  Once an appeal  
             is received by the Bureau, an appellant is generally  
             scheduled for hearing within 30 to 60 days. According to the  
             Bureau, this approach has resulted in no ongoing backlogs.









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             Over the last three fiscal years:

                 The Private Security DRC had an annual average of 20  
               meetings and an average caseload of 35 appeals per meeting.  
                The Alarm Company Operator DRC held an annual average of 3  
               meetings and had an average caseload of 
             9 appeals per meeting.  

                 The annual cost for the Southern California Private  
               Security DRC, which had 
             11 meetings, was $27,820.32, and for the Northern California  
               Private Security DRC, which had 10 meetings, was  
               $12,700.00.  The annual cost for the Alarm Company Operator  
               DRC, which had four meetings, was $7,978.69.  This does not  
               include staff time.  

                 The Private Security DRC overturned an average of 203  
               decisions and upheld an average of 345 decisions.  The  
               Alarm Company DRC overturned an average of five decisions  
               and upheld an average seven decisions. 

                 The Private Security DRC received an annual average of  
               12 citation appeals. The Alarm Company DRC received one  
               citation appeal (FY 2013-14). 

                 There was an annual average of 11 requests for formal  
               administrative appeals for citations and fines for all BSIS  
               professions. 

            By way of comparison, for licensees under the Collateral  
            Recovery Act, over the last three fiscal years: 

                 There were 38 citations and 1 appeal, for an annual  
               average of 13 citations and less than one appeal each year.

                 There were 58 license denials and 17 appeals, for an  
               annual average of 19-20 denials and 5-6 appeals each year.   


                 According to BSIS, the average time for appeals of a  
               license denial under the Act is 570 days.  Based on the  
               past three fiscal years, the overall average time for cases  
               to be considered through the administrative hearing process  
               is 290-300 days.  








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            According to Bureau's 2014 sunset report, there are much fewer  
            licensees under the Act (under 2,000) while there were nearly  
            25,000 alarm company licensees and nearly 300,000 private  
            security licensees.

          1. Defining Repossession.  Currently, the Act does not define  
             the term "repossession", although the word is used throughout  
             the Act and is the fundamental practice which is the basis  
             for licensure.  The Act does define a "repossession agency"  
             to include any person who, for any consideration whatsoever,  
             engages in business or accepts employment to locate or  
             recover collateral.  Although this definition of  
             "repossession agency" defines "repossession" implicitly, the  
             industry has raised concerns over the clarity of the term.   
             This bill will add the definition of "repossession" to  
             clarify what the act of repossession is.

          2. Inventory and Retention of Personal Effects from Recovered  
             Collateral.  Under current law, licensed repossessors must  
             remove all personal effects in recovered collateral, provide  
             a complete and accurate written inventory of all items, and  
             provide the inventory to a debtor within 48 hours after the  
             recovery of the collateral.  These personal effects must be  
             stored by the licensee in a secure location for a minimum of  
             60 days, after which a licensee may dispose of these items.   
             Any personal effects that have been disposed of are filed in  
             a permanent record that the licensee must retain for four  
             years. 
             
             Advancements in technology have rendered these written  
             inventories nearly obsolete.  Written inventories are not  
             always the most accurate, as oftentimes items cannot be  
             identified and are mislabeled by the licensee who is  
             conducting the inventory.  The industry has pointed out that  
             items, such as makeshift drug paraphernalia or other  
             unrecognizable personal effects are misidentified because the  
             licensee conducting the inventory does not know or cannot  
             recognize the item.  Photographs of the debtor's personal  
             effects provide a more accurate inventory because  
             identification through a description of the items is not left  
             up to the licensee's interpretation.  In addition, many  
             licensees already use tablet devices to help document and  
             inventory the personal effects retrieved alongside recovered  








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             collateral.  This common practice helps licensees preserve an  
                              electronic copy of the inventory for future reference and  
             increases the accountability of licensees.  

             Another issue raised by the industry is the requirement of  
             licensees to remove all personal effects in the recovered  
             collateral and store these items in a separate, secure  
             location.  This specific issue usually pertains to vehicles  
             that have been repossessed.  In order to further public trust  
             in the industry and the confidence of individuals to retrieve  
             their personal effects, the Author asserts that licensees  
             should be able to leave these items in the repossessed  
             vehicle after an inventory of these items has been completed  
             so that no items will be misplaced or lost when transferred  
             to a separate storage location.  Current law also states that  
             licensees must keep all personal effects for a minimum of 60  
             days and may dispose of these items if the debtor does not  
             claim them within that time.  The Author asserts that many  
             times, the debtor does not want to retrieve his or her  
             personal effects recovered at the time the vehicle is  
             repossessed.  However, even though the debtor does not want  
             to keep these personal effects, the licensee must retain  
             these items for a minimum of 60 days.  

             This bill changes the requirement for licensees from having  
             to create a complete and accurate inventory to one of good  
             faith effort.  The Author asserts that the change in this  
             language is necessary because a complete and accurate  
             inventory is not always possible depending on the state of  
             distress the collateral is in when it is recovered.   
             Oftentimes, there are copious amounts of trash in the  
             recovered vehicles, and items can be buried beneath this  
             trash.  The Author asserts that this change, alongside the  
             amendments that would allow photographic inventory and the  
             storing of personal effects inside the collateral, will  
             provide greater consumer protection and encourage trust since  
             items that would be hidden in the repossessed vehicle would  
             not need to be removed and could be photographed inside the  
             vehicle.  This bill would also allow a licensee to dispose of  
             any personal effects immediately after obtaining a waiver  
             forfeiting any personal items from the debtor or person in  
             possession of the collateral at the time of repossession.   
             The Author asserts that this will allow LRAs to dispose of  
             unwanted items and trash the owner has no interest in keeping  








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             immediately without having to wait the minimum 60 days.  

          3. Clarifying and Conforming Provisions.  Under current law,  
             licensed repossessors are prohibited from performing the  
             duties of a registrant for a LRA unless he or she has in his  
             or her possession, a valid repossessor registration card or  
             evidence of a valid temporary registration or registration  
             renewal.  Current law also requires every person engaged in  
             repossession activities to display a hardcopy printout from  
             the Bureau's website of his or her valid pocket card issued  
             by the Bureau.  This bill would increase flexibility by  
             allowing a licensed repossessor to display an online  
             electronic copy or screenshot display directly from the  
             Bureau's website instead of just a hardcopy printout.
             
             Licensed repossessors are also prohibited from demanding  
             payment in lieu of repossession.  This bill would further  
             clarify that repossession assignments do not include  
             authorization to collect money in lieu of repossession, and  
             prohibit repossessors from performing repair work and  
             charging that work to the legal owner.  Because a substantial  
             portion of repossessions involve vehicles, licensees under  
             the Act are already prohibited from performing repair work on  
             those vehicles under the Automotive Repair Act.

             In the definition of the term "assignment", the phrase "skip  
             trace" is used to refer to a method of collateral recovery  
             that repossessors have utilized.  "Skip-tracing" is performed  
             by gathering as much information about the subject for  
             recovery as possible; through DMV records, personal contacts,  
             phone number databases, credit reports, criminal background  
             checks, utility bills, public tax information, job  
             applications, or any other method to find either where the  
             individual in possession of collateral might be located, or  
             the collateral itself.  This term, however, is outdated as  
             the current practice of repossession no longer utilizes  
             "skip-tracing" as a primary means of located collateral to be  
             recovered.  A more accurate method that repossessors utilize  
             to recover collateral is simply to physically look for,  
             locate, and recover the collateral.  This bill will replace  
             "skip-trace" with "look for" in order to reflect the current  
             methods of locating and recovering collateral.  

          4. Prior/Related Legislation.  AB 921  (Jones, 2015) of the  








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             current legislative session would establish a disciplinary  
             review committee for licensed private investigators.
             (  Status  : This bill is currently set for hearing on June 22,  
             2015 in the Senate Business Professions and Economic  
             Development Committee.)

              AB 2503  (Hagman, Chapter 390, Statutes of 2014) among other  
             things, required the repossessor of a vehicle to contact law  
             enforcement within one hour of the repossession and required  
             the licensee to continue to attempt notification if law  
             enforcement was unavailable until the required information  
             was provided.

              AB 791  (Hagman, Chapter 340, Statutes of 2013) among other  
             things, prohibited a licensed repossession agency or its  
             registrants from making a demand for payment in lieu of  
             repossession and prohibited a licensed repossession agency  
             from selling collateral recovered under the Collateral  
             Recovery Act.
              
             AB 515  (Hagman, Chapter 322, Statutes of 2009) made numerous  
             revisions to the Collateral Recovery Act and Vehicle Code  
             Sections relating to the impound of vehicles.
              
             AB 659  (Ma, Chapter 192, Statutes of 2007) specified that the  
             legal owner of collateral registered under the Vehicle Code  
             includes the seller or lessee named on a valid conditional  
             sales contract or lease agreement and requires a licensed  
             repossessor to provide details about the incident to the  
             person who made the assignment.  That person will then be  
             required to notify a subsequent repossessor of that  
             information at the time of making another assignment to skip  
             trace, locate, or repossess that vehicle.
              
             AB 2318  (Calderon, Chapter 418, Statutes of 2006) provided  
             that a repossessor shall not be required to remove property  
             that is attached to or that is on the collateral of being  
             repossessed if the repossessor cannot determine whether or  
             not the item is a "personal effect" (i.e., property that does  
             not belong to the legal owner of the collateral) or a part of  
             the collateral, except that the repossessor shall remove and  
             inventory all items that can be removed without using tools,  
             and increases the fine to $250 on a repossession agency that  
             does not register repossessors with the BSIS in a timely  








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             fashion.
           
             AB 409  (Yee, Chapter 381, Statutes of 2006  )  provided  
             licensees under the Board of Barbering and Cosmetology with  
             appeal rights to the DRC established by the Board.  

             AB 3291  (McPherson, Chapter 1285, Statutes of 1994)  
             established the Private Security Disciplinary Review  
             Committee.

          5. Arguments in Support.  Writing in support of the bill, the  
              California Association of Licensed Repossessors (CALR)   
             states, "AB 281 would revise the Collateral Recovery Act to  
             clarify the job description of repossessors, promote  
             flexibility, and establish a disciplinary review committee -  
             a proven mechanism to save time and taxpayer  
             dollars?Establishing this committee will provide an  
             opportunity for the Bureau of Security and Investigative  
             Services to save money, and for quicker decisions to be made  
             in the pending cases of licensees."

          6. Recommended Amendments.  To add further clarity and  
             consistency for definitions within the Act, the Author should  
             amend the bill according to the following:

             In BPC § 7500.1:

             a)   The new definition of repossession in subdivision (v)  
               should include the term "locating" to be consistent with  
               how repossession agencies are currently defined in BPC.

             b)   Additionally, since the definition of "repossession" is  
               linked to "assignment", which is defined in subdivision  
               (b), the entities that can request repossession services  
               need to align.  If it is decided that "registered owner" is  
               to be included in (v), then "registered owner" must also be  
               included in (b).

             c)   Lastly, if "registered owner" is included in  
               subdivisions (b) and (v), a subdivision to define this term  
               must be added.  In regard to defining "registered owner",  
               there is collateral that is subject to a security agreement  
               that can be repossessed, but there is no formal process for  
               the lessee to register the collateral.  If "registered  








          AB 281 (Gallagher)                                      Page 15  
          of ?
          
          
               owner" were to be defined, it might need to be confined to  
               the following collateral: vehicle, trailer, boat,  
               recreational vehicle and motor home. However, in doing so,  
               the concerns would be how the owner of other property that  
               cannot be registered would be treated.
          
          SUPPORT AND OPPOSITION:
          
           Support:  California Association of Licensed Repossessors  
          (Sponsor)

           Opposition:  None on file as of June 9, 2015.


                                      -- END --