States have taken actions to combat the spread of the Coronavirus which seem to greatly impact the repossession industry. In California, Governor Newsom signed a stay-at-home order requiring all Californians to stay in their place of residence except as needed to maintain continuity of operations of federal critical infrastructure sectors, including the financial services sector.…

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In California, a company needs a “repossession agency” license to locate or recover a vehicle. The licensing is provided by the Bureau of Security and Investigative Services (BSIS), a division of the California Department of Consumer Affairs. Acting as a repossession agency without a license is a crime and grounds for a civil lawsuit in…

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