Sacramento — Today, Assemblyman Curt Hagman’s (R-Chino Hills) AB 791, which improves certain aspects of the repossession industry and its relationship with the public, was signed into law by Governor Jerry Brown.
“AB 791 provides additional protections for both consumers and licensed re-possessors regarding how re-possessors legally recover property,” said Assemblyman Hagman. “This new law will allow for smoother transactions between re-possessors, agencies, and the public, while also increasing accountability within the profession.”
Assembly Bill 791 updates provisions of the Collateral Recovery Act to provide clarity to current codes while addressing issues pertaining to the activities of licensed repossession agencies. The three major concerns AB 791 addresses are confidentiality of licensee information, appropriate authorizations for licensed repossessors, and proper identification. This bill will help prevent misunderstandings, protect personal privacy, and ensure repossessors act only within the oversight of their profession.