HB5263 Summary

• Amends the Collateral Recovery Act to require repossession agency applicants to submit a valid state or U.S. government-issued photo identification card instead of personal identification with a photograph taken within one year.

• Allows religious exemptions to the photograph requirement for applicants 21 years or older upon submission of IRS Form 4029, with fingerprints required in lieu of a photograph regardless of age.

• Changes the notification timeline for recovery permit issuance from 10 days to 14 days after receipt of a criminal history records check and allows the Commission to schedule an administrative hearing before an administrative law judge.

• Permits recovery permit holders to work for multiple licensed repossession agencies and removes restrictions on working as independent contractors under different permits.

• Modifies fee payment procedures to allow electronic payment submissions at the Commission's discretion and establishes that renewal applications must be filed 90 to 45 days before license expiration, with existing licenses continuing in effect until final agency decision.