Section 22329.5 Of Article 3. Loan Regulations From California Financial Code >> Division 9. >> Chapter 2. >> Article 3.
22329.5
. A licensee, or the agent of a licensee, 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 the 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.