Given the unprecedented number of residential tenants who are in default for failure to pay rent given the COVID-19 pandemic, the California legislature has enacted a number of laws to address the anticipated need for relief and the resulting litigation.
The ever-changing position with respect to holder liability continues to evolve in California.
On January 1, 2022, the DCLA will take effect in California. The DCLA requires that in order to “engage in the business of debt collection” in California, that person and/or business must be licensed by the Department of Business Oversight. (Cal. Fin. Code § 100001.)
A point of contention for finance companies and other holders of retail installment sales contracts has been whether a consumer may be charged for interest/finance charges for unpaid costs associated with a vehicle repossession.
This week, round two of the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) opened for application for funding through various financial institutions approved to administer the program. This second round of funding is part of the recent federal COVID relief bill. The terms of this second round of PPP funding largely mirror the terms from the first round of PPP, which launched in the Spring of 2020. PPP funds […]
COVID-19 INDUSTRY GUIDANCE: Automobile Dealerships and Rentals With COVID-19 cases on the rise, Governor Newsom has recently ordered new California closures for non-essential businesses. The State Public Health Officer has noted that “[w]orkers critical to the manufacturing, distribution, sales, rental, leasing, repair, and maintenance of vehicles and other transportation equipment (including electric vehicle charging stations) and the supply chains that enable these operations, subject to adhering public health guidance issued […]
