Section § 7503

Explanation

If you want a repossession agency license in California, you must apply in writing and pay a fee. The application needs to include your name, business name, business location, and usual hours. If you lie on your application, it's considered a misdemeanor. Personal details like your home address and driver's license number must be kept private. Your business name can't be misleading or sound like a government agency. You also need to know that giving dishonest answers might result in your application being denied, or your license being revoked later.

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 may tend to describe any business function or enterprise not actually engaged in by the applicant, or in any name which 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 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.

Section § 7503.05

Explanation

In California, if you're applying to be a repossession agency licensee, have a qualified certificate, or are registering under specific sections, you'll need to have your fingerprints checked for criminal history both in the state and nationally. The responsible bureau will send your fingerprint information to the Department of Justice. This applies to individuals, partners, corporation officers, limited liability company owners, and qualified certificate holders involved. The Department of Justice will then provide the results of the background check.

(a)CA Business & Professions Code § 7503.05(a) The bureau shall require each applicant as a repossession agency licensee, qualified certificate holder, or registrant, as defined in Sections 7500.1 and 7500.2, to undergo a fingerprint-based state and national criminal history background check.
(b)CA Business & Professions Code § 7503.05(b) Pursuant to subdivision (u) of Section 11105 of the Penal Code, the bureau shall submit to the Department of Justice fingerprint images and related information for each individual applicant, if the applicant is an individual, each partner described in Section 7503.3, if the applicant is a partnership, each officer and owner described in Section 7503.4, if the applicant is a corporation or limited liability company, and each qualified certificate holder described in Section 7500.1.
(c)CA Business & Professions Code § 7503.05(c) The Department of Justice shall provide a state- and federal-level response pursuant to subdivision (p) of Section 11105 of the Penal Code.

Section § 7503.1

Explanation

If you want to apply for an examination or are a manager, partner, or officer in a business, you need to submit a form with a recent photo, your fingerprints, and a personal description. The fingerprints will be used for a background check by the FBI. Also, if you aren't using electronic fingerprinting, you might need to pay a small fee for processing.

(a)CA Business & Professions Code § 7503.1(a) Each individual applicant for examination and each manager, partner of a partnership, and officer of a corporation shall submit with the application, one personal identification form provided by the chief upon which shall appear a photograph taken within one year immediately preceding the date of the filing of the application together with two legible sets of fingerprints, one set of which shall be forwarded to the Federal Bureau of Investigation for purposes of a background check, and a personal description of each person respectively.
(b)CA Business & Professions Code § 7503.1(b) The bureau may impose a fee not to exceed three dollars ($3) for processing classifiable fingerprint cards submitted by applicants, excluding those submitted into an electronic fingerprint system using electronic fingerprint technology.

Section § 7503.10

Explanation

This law is about how repossession agencies in California manage their licenses. An original license lasts for one year, and a renewed license lasts for two years. To keep the license from expiring, the agency has to renew it by sending back a form and paying any outstanding fines and the renewal fee. The state will send a reminder and a form to the agency 60 days before the license expires. When the license is issued or renewed, the agency gets an ID card with a photo, which shows the company's name.

(a)CA Business & Professions Code § 7503.10(a) An original repossession agency license shall expire one year following the date of issuance, unless renewed as provided in this chapter.
(b)CA Business & Professions Code § 7503.10(b) A renewal repossession agency license shall expire two years following the date of renewal, unless renewed as provided in this chapter.
(c)CA Business & Professions Code § 7503.10(c) At least 60 days prior to the expiration of the license, the bureau shall mail to the licensee a renewal form prescribed by the director. To renew an unexpired license, the licensee shall complete and mail the renewal form to the bureau, pay any and all fines assessed pursuant to Section 7501.7 and resolved in accordance with the provisions of that section, and pay the renewal fee prescribed by this chapter.
(d)CA Business & Professions Code § 7503.10(d) Upon the issuance of the initial license or renewal license, the bureau shall issue to the licensee a suitable pocket identification card which includes a photograph of the licensee. The photograph shall be of a size prescribed by the bureau. The card shall contain the name of the licensee’s company.

Section § 7503.11

Explanation

If you've let your professional license expire, you have one year to renew it. To do so, you need to follow all the rules laid out, fill out the necessary application, pay any outstanding fines, and cover the reinstatement fee. However, just because you can renew your license doesn't mean you can't face disciplinary action for any violations you committed while your license was expired.

An expired license may be reinstated within one year of the date of expiration upon compliance with the provisions of this chapter, application by the licensee, and payment of any and all fines assessed pursuant to Section 7501.7 and not resolved in accordance with the provisions of that section and payment of the reinstatement fee provided by this chapter. Reinstatement of an expired license shall not prohibit the bringing of disciplinary proceedings for any act committed in violation of this chapter during the period the license is expired.

Section § 7503.12

Explanation

If a repossession agency has its license suspended, it still needs to renew the license according to the usual rules. However, renewing the license doesn’t mean the agency can operate again until the suspension is officially lifted. The agency can't do any work that breaks the rules tied to why the license was suspended in the first place.

A suspended repossession agency license is subject to expiration and shall be renewed as provided in this article, but renewal of the license does not entitle the licensee, while the license remains suspended and until it is reinstated, to engage in the licensed activity, or in any other activity or conduct in violation of the order or judgment by which the license was suspended.

Section § 7503.13

Explanation

If a repossession agency license is revoked, it will still eventually expire, but you won’t be able to renew it. However, if you want to reinstate it after it expires, you’ll need to pay a fee. This fee includes the renewal cost from the last time it was renewed before being reinstated, plus any late fees that were due when it was revoked.

A revoked repossession agency license is subject to expiration as provided in this article, but it may not be renewed. If it is reinstated after its expiration, the licensee, as a condition precedent to its reinstatement, shall pay a reinstatement fee in an amount equal to the renewal fee in effect on the last regular renewal date before the date on which it is reinstated, plus the delinquency fee, if any, accrued at the time of its revocation.

Section § 7503.14

Explanation

If your repossession agency license in California has expired and you don't renew it within 10 years, you can't restore or renew it later. To get a new license, you must follow all the rules for getting a brand new one.

(a)CA Business & Professions Code § 7503.14(a) A repossession agency license which is not renewed within 10 years after its expiration shall not be renewed, restored, reinstated, or reissued thereafter.
(b)CA Business & Professions Code § 7503.14(b) The holder of the repossession agency license may obtain a new license only upon compliance with all of the provisions of this chapter relating to the issuance of an original license.

Section § 7503.2

Explanation

If you're applying for a business license as an individual, you need to include your full home address in the application. You also have to say whether you'll be running the business yourself or if someone else will be in charge. If you're not going to be the one in charge, the application should include that person's name. Additionally, you need to mention if you've ever used a different name or alias. The application needs to be signed and confirmed by you and, if there's someone else in charge, by that person too.

If the applicant for license is an individual, the application shall state the full residence address of the applicant and that the applicant is to be personally and actively in charge of the business for which the license is sought, or if any other qualified certificate holder is to be actively in charge of such business, the application shall so state and set forth the name of the person. The application shall also state whether the applicant has ever used an alias. The application shall be subscribed and verified by the applicant and, if any other person is to be actively in charge of the business, the application shall also be subscribed and verified by that person.

Section § 7503.3

Explanation

This section explains what a business partnership must include in their license application. They need to list the correct names and addresses of all partners and specify who will manage the business. If someone who isn't a partner will be in charge, their name and address must be included too. All partners and the manager, if not a partner, have to sign and verify the application. It should also mention if any partner has used a different name before.

If the applicants for license are copartners, the application shall state the true names and addresses of all partners and the name of the partner to be actively in charge of the business for which the license is sought. If a qualified certificate holder other than a partner is to be actively in charge of the business then the application shall state the name and address of that person. The application shall be subscribed and verified by all of the partners and, if any other person is to be actively in charge of the business, the application shall also be subscribed and verified by that person. The application shall also state whether any of the partners has ever used an alias.

Section § 7503.4

Explanation

This law section explains the requirements for businesses applying for certain licenses. If a corporation is applying, they need to list all officers' true names and home addresses, as well as the person responsible for running the business and if any officer has used an alias. Similarly, if a limited liability company (LLC) is applying, they must list all owners' names and addresses, plus the name of the person in charge. The application must be signed by all relevant parties, and it should note if any owner used an alias. Finally, it states that LLCs cannot be licensed as repossession agencies.

(a)CA Business & Professions Code § 7503.4(a) If the applicant for a license is a corporation, the application shall state the true names and complete residence addresses of all officers. The application shall also state the name and address of the person to be actively in charge of the business for which the license is sought. The application shall be subscribed and verified by a duly authorized officer of the applicant and by the qualified certificate holder thereof. The application shall also state whether any of the officers has ever used an alias.
(b)CA Business & Professions Code § 7503.4(b) If the applicant for a license is a limited liability company, the application shall state the true names and complete residence addresses of all owners and the name and address of the owner to be actively in charge of the business for which the license is sought. If a qualified certificate holder, other than an owner, is to be actively in charge of the business, then the application shall state the name and address of that person. The application shall be subscribed and verified by each owner and, if any other person is to be actively in charge of the business, the application shall also be subscribed and verified by that person. The application shall also state whether any of the owners has ever used an alias.
(c)CA Business & Professions Code § 7503.4(c) Nothing in this chapter permits a domestic or foreign limited liability company to be licensed as a repossession agency.

Section § 7503.5

Explanation

This law explains when a license application can be denied. If the applicant or those in charge, like managers or officers, have done certain bad things, the director can refuse to give them a license. Reasons for denial include committing dishonest acts, having past licenses refused or revoked, helping others act without a license, or lying on their application. If denied, the applicant can ask for a hearing within 30 days to contest the decision, following specific government procedures.

If the director determines that the applicant, if an individual, or if the applicant is a person other than an individual, that its manager and any of its officers and partners have committed any of the following acts, the director may deny the license:
(a)CA Business & Professions Code § 7503.5(a) Committed any act, which, if committed by a licensee, would be a ground for the suspension or revocation of a license under this chapter.
(b)CA Business & Professions Code § 7503.5(b) Committed any act constituting dishonesty or fraud.
(c)CA Business & Professions Code § 7503.5(c) Been refused a license under this chapter or had a license revoked.
(d)CA Business & Professions Code § 7503.5(d) Been an officer, partner, or manager of any person who has been refused a license under this chapter or whose license has been revoked.
(e)CA Business & Professions Code § 7503.5(e) Committed, or aided and abetted the commission of, any act for which a license is required by this chapter while unlicensed.
(f)CA Business & Professions Code § 7503.5(f) Knowingly made any false statement in his or her application.
(g)CA Business & Professions Code § 7503.5(g) Committed any act or crime constituting grounds for denial of licensure under Section 480.
The denial shall be in writing and shall describe the basis for the denial. The denial shall inform the applicant that if he or she desires a hearing to contest the denial, the hearing shall be requested of the director, in writing, within 30 days of the issuance of the denial.
When a hearing is held under this section, it shall be conducted in accordance with Chapter 5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2 of the Government Code.

Section § 7503.6

Explanation
This law states that if a person, or any partner or officer associated with an applicant, is undergoing disciplinary action by the director, they cannot receive a license until the issue is fully resolved.
No license may be issued to any applicant pending final disposition of any disciplinary action by the director previously filed against the person or applicant or against any partner or officer.

Section § 7503.7

Explanation

This law section states that the design and details of a license are to be decided by a director, following specific guidelines in another rule referred to as Section 164.

The form and content of the license shall be determined by the director in accordance with Section 164.

Section § 7503.8

Explanation

A repossession agency must always display its license, including any duplicate and current renewal licenses, in a clearly visible spot at their registered business location.

Each repossession agency license or duplicate license, together with current renewal license, if any, shall at all times be conspicuously displayed at the place of business on record with the bureau.

Section § 7503.9

Explanation

This law states that repossession agency licenses generally cannot be transferred to someone else. However, if a repossession agency wants to transfer its license to another business entity, it can apply for permission and pay a fee. The transfer is only allowed if the owners of the current license have full ownership of the new business immediately after the transfer.

(a)CA Business & Professions Code § 7503.9(a) Except as provided in this section, a repossession agency license issued under this chapter is not assignable.
(b)CA Business & Professions Code § 7503.9(b) A repossession agency may apply to the chief for consent and, upon receipt of the consent and payment of the processing fee authorized by Section 7511, may assign a license to another business entity as long as the direct and indirect owners of the assignor own all of the assignee immediately after the assignment.