California Business and Professions Code

§ 7508.4

BPC § 7508.4 Effective Jan 1, 2017Div. 3 · Ch. 11 · Art. 9

Statute text

The director may assess administrative fines for any of the following prohibited acts:

(a)Conducting business from any location other than that location to which a license was issued or conducting a business as an individual, partnership, limited liability company, or corporation unless the licensee holds a valid license issued to that exact same individual, partnership, limited liability company, or corporation. The fine shall be one thousand dollars ($1,000) for each violation.

(b)Aiding or abetting an unlicensed repossessor or assigning his or her license. “Assigning his or her license” means that no licensee shall permit a registrant, employee, or agent in his or her own name to advertise, engage clients, furnish reports, or present bills to clients, or in any manner whatsoever to conduct business for which a license is required under this chapter. The fine shall be one thousand dollars ($1,000) for each violation.

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Legislative history

Amended by Stats. 2016, Ch. 800, Sec. 7. (SB 1196) Effective January 1, 2017.