Vehicle liens.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
In Floor Process
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill clarifies the rules surrounding vehicle liens in California. It allows licensed repossession agencies to file a lien on a vehicle, even if one already exists, under specific circumstances like a lienholder’s waiver or failure to respond to a waiver request. The bill aims to ensure repossession agencies can properly secure liens on vehicles they recover. This legislation modifies existing Civil Code provisions related to vehicle liens.
Key provisions
- Allows licensed repossession agencies to file a lien on a vehicle, even if one is already in place.
- Specifies conditions under which a repossession agency can file a lien on behalf of the agency, including a lienholder’s written waiver.
- Outlines a 30-day timeframe for the lienholder to respond to a waiver request.
- Addresses the chapter’s prohibition on filing a lien when one is not in place.
Who is affected
- Vehicle owners
- Licensed repossession agencies
- Lienholders
- Consumers
- The automotive industry
Notable changes
- Expands the ability of repossession agencies to file liens on vehicles.
- Introduces a process for repossession agencies to file liens when a current lienholder waives their rights.
Bill text
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Sponsors
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1 on record
Primary sponsor
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