AB 2116 seeks to amend Civil Code § 2983.2(a)(2) regarding reinstatement of a motor vehicle conditional sales contract after repossession for non-payment. Civil Code § 2983.2(a)(2) sets forth post-repossession obligations a finance company must follow when consumers seek to reinstate their contracts.
BILL STATUS as of 9/22/08
MEASURE : A.B. No. 2116
AUTHOR(S) : Portantino.
TOPIC : Automobile sales contracts: conditional contracts.
HOUSE LOCATION : SEN
+LAST AMENDED DATE : 05/07/2008 TYPE OF BILL :
Majority Vote Required
Non-State-Mandated Local Program
Non-Tax Levy LAST HIST. ACT. DATE: 06/12/2008
LAST HIST. ACTION : In committee: Set, first hearing. Hearing canceled at
the request of author.
COMM. LOCATION : SEN JUDICIARY TITLE : An act to amend Section 2983.2 of the Civil Code,
relating to conditional automobile sales contracts.