7505. A licensee desiring to operate a repossession business at a
location other than the address shown on his or her license shall
apply and qualify for a license for each additional location. A
licensee desiring to operate a repossession business under one or
more fictitious trade styles shall apply and qualify for a license
for each fictitious trade style. No licensee shall indicate, or cause
to be indicated, in any printed matter, or in any directory or
listing, that he or she conducts a repossession business under any
name, or at any address, other than the names and addresses for which
he or she is licensed.
An application for a license for an additional location or an
additional trade style shall be in the same form, and the applicant
shall meet the same requirements, as for an original license.
7505.1. Every office licensed as a repossession agency shall be
under the active charge of a qualified certificate holder. Nothing in
this chapter prohibits a licensee from having more than one
qualified certificate holder in an office.
7505.2. Nothing in this chapter prohibits the using or taking of
personal effects that are connected, adjoined, or affixed to the
collateral through an unbroken sequence, if that use or taking is
reasonably necessary to effectuate the recovery in a safe manner or
to protect the collateral or personal effects. No storage fee shall
be charged for the first week on any personal effects used to
effectuate a recovery pursuant to this section. Any personal effects
used or taken pursuant to this section shall be processed in a
reasonably expedient manner pursuant to Sections 7507.9 and 7507.10.
7505.3. (a) Whenever a qualified certificate holder actively in
charge of an office ceases to be in charge, the licensee shall file
with the bureau notice, in writing, within 30 days from such
cessation.
If the notice is filed, the license shall remain in force for a
period of 90 days after the filing of the notice. At the end of the
90-day period or an additional period, not to exceed one year, as
specified by the director, if written notice is not given that a
qualified person is then actively in charge of the office, the agency
license shall be automatically suspended.
If the licensee shall fail to give written notice at the end of
the 30-day period, the agency license shall be automatically
suspended.
A license suspended under this section may be reinstated upon
payment of the reinstatement fee and submission of a reinstatement
application.
A person who performs any act for which a repossession agency
license is required during the period of suspension is subject to the
penal provisions of Article 3 (commencing with Section 7502), in
addition to the provisions of Article 9 (commencing with Section
7508) and Article 10 (commencing with Section 7510).
(b) In case of the death of a person licensed as an individual, a
member of the immediate family of the deceased licensee shall be
entitled to continue the business under the same license for 120 days
following the death of the licensee, provided that written notice is
made to the bureau within 30 days following the death of the
licensee. At the end of the 120-day period, the license shall be
automatically canceled. If no request is received within the 30-day
period, the license shall be automatically canceled at the end of
that period.
(c) In the case of the death or disassociation of a partner of an
entity licensed as a partnership, the licensee shall notify the
bureau, in writing, within 30 days from the death or disassociation
of the individual. If notice is given, the license shall remain in
force for 90 days following the death or disassociation. At the end
of that period, the license shall be automatically canceled. If the
licensee fails to notify the bureau within the 30-day period, the
license shall be automatically canceled at the end of that period.
(d) A license extended under this section is subject to all other
provisions of this chapter.
7505.4. Except as herein otherwise provided, no person shall be in
charge of any licensed office if the person has ever had a license
revoked or suspended or has ever been denied registration pursuant to
Article 7 (commencing with Section 7506); or if the person was a
partner, managing employee, or officer, of a repossession agency the
license of which has been revoked for cause.
7505.5. The person deemed to be actively in charge of an office
shall be the holder of a qualification certificate and the
certificate, together with the current renewal certificate, shall be
prominently displayed below the repossession agency's license. The
person shall be in charge of not more than two licensed locations.
The person shall share equally with the licensee the responsibility
for the conduct of the business and the personnel of the licensed
agency or agencies, if more than one agency is licensed at that
location. This section shall not apply to any licensee who notifies
the bureau in writing that the licensee is not conducting any
business, but wishes to maintain a current license status with the
bureau. When the licensee resumes conducting business, the licensee
shall so inform the bureau in writing within 30 days.
7505. A licensee desiring to operate a repossession business at a
location other than the address shown on his or her license shall
apply and qualify for a license for each additional location. A
licensee desiring to operate a repossession business under one or
more fictitious trade styles shall apply and qualify for a license
for each fictitious trade style. No licensee shall indicate, or cause
to be indicated, in any printed matter, or in any directory or
listing, that he or she conducts a repossession business under any
name, or at any address, other than the names and addresses for which
he or she is licensed.
An application for a license for an additional location or an
additional trade style shall be in the same form, and the applicant
shall meet the same requirements, as for an original license.
7505.1. Every office licensed as a repossession agency shall be
under the active charge of a qualified certificate holder. Nothing in
this chapter prohibits a licensee from having more than one
qualified certificate holder in an office.
7505.2. Nothing in this chapter prohibits the using or taking of
personal effects that are connected, adjoined, or affixed to the
collateral through an unbroken sequence, if that use or taking is
reasonably necessary to effectuate the recovery in a safe manner or
to protect the collateral or personal effects. No storage fee shall
be charged for the first week on any personal effects used to
effectuate a recovery pursuant to this section. Any personal effects
used or taken pursuant to this section shall be processed in a
reasonably expedient manner pursuant to Sections 7507.9 and 7507.10.
7505.3. (a) Whenever a qualified certificate holder actively in
charge of an office ceases to be in charge, the licensee shall file
with the bureau notice, in writing, within 30 days from such
cessation.
If the notice is filed, the license shall remain in force for a
period of 90 days after the filing of the notice. At the end of the
90-day period or an additional period, not to exceed one year, as
specified by the director, if written notice is not given that a
qualified person is then actively in charge of the office, the agency
license shall be automatically suspended.
If the licensee shall fail to give written notice at the end of
the 30-day period, the agency license shall be automatically
suspended.
A license suspended under this section may be reinstated upon
payment of the reinstatement fee and submission of a reinstatement
application.
A person who performs any act for which a repossession agency
license is required during the period of suspension is subject to the
penal provisions of Article 3 (commencing with Section 7502), in
addition to the provisions of Article 9 (commencing with Section
7508) and Article 10 (commencing with Section 7510).
(b) In case of the death of a person licensed as an individual, a
member of the immediate family of the deceased licensee shall be
entitled to continue the business under the same license for 120 days
following the death of the licensee, provided that written notice is
made to the bureau within 30 days following the death of the
licensee. At the end of the 120-day period, the license shall be
automatically canceled. If no request is received within the 30-day
period, the license shall be automatically canceled at the end of
that period.
(c) In the case of the death or disassociation of a partner of an
entity licensed as a partnership, the licensee shall notify the
bureau, in writing, within 30 days from the death or disassociation
of the individual. If notice is given, the license shall remain in
force for 90 days following the death or disassociation. At the end
of that period, the license shall be automatically canceled. If the
licensee fails to notify the bureau within the 30-day period, the
license shall be automatically canceled at the end of that period.
(d) A license extended under this section is subject to all other
provisions of this chapter.
7505.4. Except as herein otherwise provided, no person shall be in
charge of any licensed office if the person has ever had a license
revoked or suspended or has ever been denied registration pursuant to
Article 7 (commencing with Section 7506); or if the person was a
partner, managing employee, or officer, of a repossession agency the
license of which has been revoked for cause.
7505.5. The person deemed to be actively in charge of an office
shall be the holder of a qualification certificate and the
certificate, together with the current renewal certificate, shall be
prominently displayed below the repossession agency's license. The
person shall be in charge of not more than two licensed locations.
The person shall share equally with the licensee the responsibility
for the conduct of the business and the personnel of the licensed
agency or agencies, if more than one agency is licensed at that
location. This section shall not apply to any licensee who notifies
the bureau in writing that the licensee is not conducting any
business, but wishes to maintain a current license status with the
bureau. When the licensee resumes conducting business, the licensee
shall so inform the bureau in writing within 30 days.
7505. A licensee desiring to operate a repossession business at a
location other than the address shown on his or her license shall
apply and qualify for a license for each additional location. A
licensee desiring to operate a repossession business under one or
more fictitious trade styles shall apply and qualify for a license
for each fictitious trade style. No licensee shall indicate, or cause
to be indicated, in any printed matter, or in any directory or
listing, that he or she conducts a repossession business under any
name, or at any address, other than the names and addresses for which
he or she is licensed.
An application for a license for an additional location or an
additional trade style shall be in the same form, and the applicant
shall meet the same requirements, as for an original license.
7505.1. Every office licensed as a repossession agency shall be
under the active charge of a qualified certificate holder. Nothing in
this chapter prohibits a licensee from having more than one
qualified certificate holder in an office.
7505.2. Nothing in this chapter prohibits the using or taking of
personal effects that are connected, adjoined, or affixed to the
collateral through an unbroken sequence, if that use or taking is
reasonably necessary to effectuate the recovery in a safe manner or
to protect the collateral or personal effects. No storage fee shall
be charged for the first week on any personal effects used to
effectuate a recovery pursuant to this section. Any personal effects
used or taken pursuant to this section shall be processed in a
reasonably expedient manner pursuant to Sections 7507.9 and 7507.10.
7505.3. (a) Whenever a qualified certificate holder actively in
charge of an office ceases to be in charge, the licensee shall file
with the bureau notice, in writing, within 30 days from such
cessation.
If the notice is filed, the license shall remain in force for a
period of 90 days after the filing of the notice. At the end of the
90-day period or an additional period, not to exceed one year, as
specified by the director, if written notice is not given that a
qualified person is then actively in charge of the office, the agency
license shall be automatically suspended.
If the licensee shall fail to give written notice at the end of
the 30-day period, the agency license shall be automatically
suspended.
A license suspended under this section may be reinstated upon
payment of the reinstatement fee and submission of a reinstatement
application.
A person who performs any act for which a repossession agency
license is required during the period of suspension is subject to the
penal provisions of Article 3 (commencing with Section 7502), in
addition to the provisions of Article 9 (commencing with Section
7508) and Article 10 (commencing with Section 7510).
(b) In case of the death of a person licensed as an individual, a
member of the immediate family of the deceased licensee shall be
entitled to continue the business under the same license for 120 days
following the death of the licensee, provided that written notice is
made to the bureau within 30 days following the death of the
licensee. At the end of the 120-day period, the license shall be
automatically canceled. If no request is received within the 30-day
period, the license shall be automatically canceled at the end of
that period.
(c) In the case of the death or disassociation of a partner of an
entity licensed as a partnership, the licensee shall notify the
bureau, in writing, within 30 days from the death or disassociation
of the individual. If notice is given, the license shall remain in
force for 90 days following the death or disassociation. At the end
of that period, the license shall be automatically canceled. If the
licensee fails to notify the bureau within the 30-day period, the
license shall be automatically canceled at the end of that period.
(d) A license extended under this section is subject to all other
provisions of this chapter.
7505.4. Except as herein otherwise provided, no person shall be in
charge of any licensed office if the person has ever had a license
revoked or suspended or has ever been denied registration pursuant to
Article 7 (commencing with Section 7506); or if the person was a
partner, managing employee, or officer, of a repossession agency the
license of which has been revoked for cause.
7505.5. The person deemed to be actively in charge of an office
shall be the holder of a qualification certificate and the
certificate, together with the current renewal certificate, shall be
prominently displayed below the repossession agency's license. The
person shall be in charge of not more than two licensed locations.
The person shall share equally with the licensee the responsibility
for the conduct of the business and the personnel of the licensed
agency or agencies, if more than one agency is licensed at that
location. This section shall not apply to any licensee who notifies
the bureau in writing that the licensee is not conducting any
business, but wishes to maintain a current license status with the
bureau. When the licensee resumes conducting business, the licensee
shall so inform the bureau in writing within 30 days.
