A finance company shall maintain a register of all repossessions of personal property including property voluntarily surrendered by a borrower. The register shall show at least the date of repossession, loan number, name of borrower, description of the property and the date of sale or disposition of the property.

Note: Authority cited: Section 22150, Financial Code. Reference: Section 22156, Financial Code.

History

1. New Note filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).

2. Change without regulatory effect amending Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).