BILL NUMBER: AB 2469	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Frazier

                        FEBRUARY 19, 2016

   An act to amend Section 11402 of the Vehicle Code, relating to
vehicles.



	LEGISLATIVE COUNSEL'S DIGEST


   AB 2469, as introduced, Frazier. Vehicle registration services.
   Under existing law, the Department of Motor Vehicles licenses and
regulates vehicle registration services. Existing law requires an
applicant for a license to be a registration service, or for the
renewal of that license, to submit to the department a bond in the
amount of $25,000.
   This bill would make a technical, nonsubstantive change to those
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 11402 of the Vehicle Code is amended to read:
   11402.  (a) The amount of the bond required by subdivision (e) of
Section 11401 for the issuance of a registration service license, or
for the renewal of  such a  that  license
 ,  is twenty-five thousand dollars ($25,000). Liability
under the bond shall remain at that amount.
   (b) If the amount of the liability under the bond is decreased, or
there is outstanding a final court judgment arising out of a
violation of any provision of this code for which the registration
service is liable, the license of the registration service shall be
automatically suspended. In order to reinstate the license, the
registration service shall either file an additional bond or restore
the bond on file to the original amount, or shall satisfy the
outstanding judgment for which the registration service and surety
are liable.
   (c) The bond shall remain in effect for three years after
cessation of business of the registration service.