BILL NUMBER: SB 1183	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Lieu

                        FEBRUARY 22, 2012

   An act to amend Section 7503 of the Business and Professions Code,
relating to repossessors.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1183, as introduced, Lieu. Repossessors: licensure.
   Existing law, the Collateral Recovery Act, authorizes the Bureau
of Security and Investigative Services to license and regulate the
persons engaged in the business of repossessing personal property.
Existing law provides that a person who declares as true any material
matter relative to the submission of an application for licensure, a
qualification certificate, or application for registration that he
or she knows to be false is guilty of a misdemeanor, and requires an
applicant to sign his or her application for licensure and
qualification certificate.
   This bill would make technical, nonsubstantive changes 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 7503 of the Business and Professions Code is
amended to read:
   7503.  An application for a repossession agency license shall be
made in writing to, and filed with, the bureau in the form that may
be required by the director and shall be accompanied by the original
license fee prescribed by this chapter. The director may require the
submission of any other pertinent information, evidence, statements,
or documents.
   Every application for a repossession agency license shall be
signed by the applicant and state, among other things that may be
required, the name of the applicant and the name under which the
applicant will do business, the location by number and street and
city of the office of the business for which the license is sought,
and the usual business hours the business will maintain. An applicant
who declares as true any material matter pursuant to this section
that he or she knows to be false is guilty of a misdemeanor. The
residence address, residence telephone number, and driver's license
number of each licensee, principal owner of each licensee, and any
applicant for a license, if requested, shall be confidential pursuant
to the Information Practices Act of 1977 (Chapter 1 (commencing with
Section 1798) of Title 1.8 of Part 4 of Division 3 of the Civil
Code) and shall not be released to the public.
   No license shall be issued in any fictitious name which may be
confused with or which is similar to any federal, state, county, or
municipal governmental function or agency, or in any name 
which   that  may tend to describe any business
function or enterprise not actually engaged in by the applicant, or
in any name  which   that  is the same as
or so similar to that of any existing licensee as would tend to
deceive the public, or in any name  which   that
 would otherwise tend to be deceptive or misleading.
   The application form shall contain a statement informing the
applicant that a false or dishonest answer to a question may be
grounds for denial or subsequent suspension or revocation of a
repossession agency license.