or Login to see your representatives.

Access Candidates' and Representatives' Biographies, Voting Records, Interest Group Ratings, Issue Positions, Public Statements, and Campaign Finances

Simply enter your zip code above to get to all of your candidates and representatives, or enter a name. Then, just click on the person you are interested in, and you can navigate to the categories of information we track for them.

Key Votes

SB 956 - Regulates Buy-Here-Pay-Here Car Loans and Lenders - Key Vote

California Key Votes

Tony Strickland Did Not Vote on this Legislation.

Read statements Tony Strickland made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Vetoed (Executive) -

Title: Regulates Buy-Here-Pay-Here Car Loans and Lenders

Legislation - Concurrence Vote Passed (Senate) (23-14) -
Legislation - Bill Passed With Amendment (House) (52-26) -
Legislation - Bill Passed (Senate) (24-12) - (Key vote)

Title: Regulates Buy-Here-Pay-Here Car Loans and Lenders

Vote Smart's Synopsis:

Vote to pass a bill that regulates lending practices of "by-here-pay-here" automobile dealers.

Highlights:
  • Prohibits “buy-here-pay-here automobile dealers” from doing business in California without a license from the Department of Corporations (Sec. 1).
  • Defines a “buy-here-pay-here automobile dealer” as a seller who does the following (Sec. 1):
    • Enters into conditional sale or lease contracts;
    • Does not routinely assign the conditional sale or lease contracts to an unaffiliated finance or leasing source; and
    • Provides or collects payments on conditional sale contracts or lease contracts.
  • Requires buy-here-pay-here automobile dealers to obtain a California Finance Lenders Law license no later than 6 months after the dealer meets the requirements of a “buy-here-pay-here automobile dealer” (Sec. 1).
  • Limits the annual percentage rate (APR) charged on a conditional sale or lease contract from a buy-here-pay-here dealer to no more than 17 percent above the federal funds rate in effect at the time the contract is signed (Sec. 1).
  • Prohibits buy-here-pay-here automobile dealers from beginning the repossession process until the eleventh day after a missed payment (Sec. 1).
  • Requires buy-here-pay-here automobile dealers to hire a licensed repossession agency in order to repossess vehicles (Sec. 1).
  • Prohibits buy-here-pay-here automobile dealers from charging a buyer-borrower more than $500 in fees and charges as a result of the repossession process (Sec. 1).
Legislation - Introduced (Senate) -

Title: Regulates Buy-Here-Pay-Here Car Loans and Lenders

Sponsors

Co-sponsors

Back to top