CA AB1859

Removes debt collection from qualifying employment experience for repossession agency managers; lawful experience now limited to skip tracing or actual collateral recovery only.

Expands definition of "assignment" and introduces "repossession order" to include written authorization to skip trace or locate collateral, in addition to repossessing it.

Extends liability protections and indemnification provisions to debt collectors, treating them the same as legal owners, debtors, and other parties in repossession transactions.

Allows assignment and repossession order forms to be maintained in electronic format (text message, email, or Internet posting) with same legal effect as original written documents.

Specifies no state reimbursement is required for implementing this act as it only creates or changes criminal penalties.