CA AB1877

Adds a temporary exemption from repossession agency licensing requirements for dealers regularly engaged in selling agricultural equipment, lawn and garden equipment, special construction equipment, or energy production/transmission equipment, along with their bona fide employees, if specific recordkeeping and personal effects handling requirements are met.

Requires dealers claiming the exemption to maintain records of repossessions, complete collateral condition reports, record odometer/hour meter readings, document all sale transactions, and store personal effects for a minimum of 60 days before disposal.

Prohibits dealers, debtors, lienholders, lessors, lessees, and their agents from instructing, coercing, or attempting to coerce others to violate laws, regulations, or rules regarding collateral recovery, with violations being criminal offenses.

The dealer exemption and related prohibitions remain in effect only until January 1, 2018, at which point they sunset unless extended by subsequent legislation enacted before that date.

Specifies that no state reimbursement to local agencies is required for costs associated with this bill.