CFA Opposes Legalizing Dangerous Repossessions
CFA joined a letter to the California State Senate opposing AB 2021, which would allow repossession agents to trespass onto personal property to retrieve vehicles and other possessions. This bill increases the risk of violent altercations during a repossession by legalizing entry into individuals’ private spaces to take vehicles and other possessions without a court order, and without providing victims with an “opportunity to cure” by getting current with their payments. Repossessions are a fraught situation, often riddled with errors and mistakes by the recovery agent and the secured finance company.
