California AB2269 modifies lien sale procedures for vehicles, including notice requirements and sale conditions.
California AB2269 amends the Civil Code to revise procedures for lien sales of vehicles. It requires lienholders to apply to the Department of Motor Vehicles for the names and addresses of registered and legal owners if the vehicle's value is between $4,000 and $7,000. For vehicles valued over $7,000, lienholders must obtain a court judgment or release from the declarant before conducting a sale. The bill mandates specific notice procedures, including posting notices in public places and sending certified mail notices to interested parties.
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