AB 290: Collateral recovery: repossession agencies.

Existing law, the Collateral Recovery Act, provides for the licensure and regulation of repossession agencies by the Bureau of Security and Investigative Services, which is under the supervision and control of the Director of Consumer Affairs, and, until January 1, 2018, defines repossession agency as not including certain persons and entities, such as a dealer regularly engaged in the sale of collateral designed primarily for agricultural use.

This bill would extend the above definition of repossession agency indefinitely.