SB 95 passed the Senate. Yesterday, the Assembly Committee on the Judiciary issued a Bill Analysis, which outlined the legislation and identified that a deal apparently had been reached between sponsors and opponents:
As proposed to be amended, the bill reflects consensus reached between supporters and the new car dealers association, which had previously been opposed to the bill. The proposed amendments provide a means by which dealers must pay the prior credit or lease balance owing on the vehicle or tender the amount necessary to discharge the prior credit or lease balance within 21 calendar days. Dealers would be prohibited from selling or transferring any ownership interest in the vehicle until they have complied with this obligation. As proposed to be amended, it is believed that all opposition has been removed.