Cal. Fin. Code § 1341

Current through the 2024 Legislative Session.
Section 1341 - Advising assignee of assignment of information contained in notice received pursuant to section 7507.6, Business and Professions Code

A bank, or the agent of a bank, that has received a notice pursuant to Section 7507.6 of the Business and Professions Code, shall not make a subsequent assignment to skip trace, locate, or repossess a vehicle without simultaneously, and in the same manner by which the assignment is given, advising the assignee of the assignment of the information contained in the notice. As used in this section, "assignment" has the same meaning set forth in Section 7500.1 of the Business and Professions Code.

Ca. Fin. Code § 1341

Added by Stats 2012 ch 243 (SB 664),s 3, eff. 1/1/2012.