(a) A repossession agency license which is not renewed within 10 years after its expiration shall not be renewed, restored, reinstated, or reissued thereafter.
(b) The holder of the repossession agency license may obtain a new license only upon compliance with all of the provisions of this chapter relating to the issuance of an original license.
(Amended by Stats. 2020, Ch. 354, Sec. 1. (AB 2759) Effective January 1, 2021.)