Cal. Bus. & Prof. Code § 7507.12

Current through the 2023 Legislative Session.
Section 7507.12 - Repossession of collateral subject to registration under Vehicle Code
(a) With regard to collateral subject to registration under the Vehicle Code, a repossession is complete if any of the following occurs:
(1) The repossessor gains entry to the collateral.
(2) The collateral becomes connected to a tow truck or the repossessor's tow vehicle, as those terms are defined in Section 615 of the Vehicle Code.
(3) The repossessor moves the entire collateral present.
(4) The repossessor gains control of the collateral.
(b) No person other than the legal owner may direct a repossessor to release a vehicle without legal authority to do so.

Ca. Bus. and Prof'l. Code § 7507.12

Amended by Stats 2013 ch 340 (AB 791),s 4, eff. 1/1/2014.
Amended by Stats 2009 ch 307 (SB 821),s 82, eff. 1/1/2010.
Amended by Stats 2006 ch 418 (AB 2318),s 4, eff. 1/1/2007.
Amended by Stats 2002 ch 402 (AB 1883), s 5, eff. 1/1/2003.