California Supreme Court to Review Holder Rule Attorneys’ Fees Limitations
The ever-changing position with respect to holder liability continues to evolve in California.
Category: James S. Sifers
Is Your Company Ready For The DCLA?
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.)
Charging Interest Finance Charges for Repo Fees
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.
Round Two of the Paycheck Protection Program
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
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 […]
Potential Limitations on Landlords and Protections for Tenants
California is continuing to explore legislation which would significantly alter the residential landlord tenant relationship as a result of the COVID-19 pandemic. Currently, AB-1436 is working its way through the California legislature. AB-1436, if passed in its present state, would impose significant restrictions on landlords in evicting their tenants and provide unprecedented protections for tenants. AB-1436 seeks to address defaults in residential lease agreements which occurred during any declared state […]