Cal. Bus. & Prof. Code § 7500 : CALIFORNIA BUSINESS AND PROFESSIONS CODE — PROFESSIONS AND VOCATIONS GENERALLY — REPOSSESSORS — GENERAL PROVISIONS — Short title TEXT PDF This chapter of the Business and Professions Code constitutes the chapter on repossessors. It may be cited as the "Collateral Recovery Act." Ca. Bus. and Prof'l. Code § 7500 Amended by Stats. 1995, Ch. 505, Sec. 1. Effective January 1, 1996.