{"data":{"id":"us-ca/bpc-7507.115","jurisdiction":"us-ca","citation":"BPC § 7507.115","heading":"","body":"(a) A licensee shall not appraise or determine the value of any collateral, whether damaged or not.\n(b) (1) Notwithstanding subdivision (a), a licensee may complete a condition report that makes a general assessment of the collateral.\n(2) A condition report does not include all damage or missing parts.\n(3) A condition report shall include the following statement: “In accordance with Section 7507.115 of the Business and Professions Code, this condition report is a general assessment of the collateral and does not include all damage or missing parts.”","path":["Business and Professions Code - BPC","DIVISION 3. PROFESSIONS AND VOCATIONS GENERALLY [5000. - 9998.12.]","CHAPTER 11. Repossessors [7500. - 7511.5.]","ARTICLE 8. Conduct of Business [7507. - 7507.13.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"628d1098312348f3587c7c551cc4fd43685ac9102b060b0f7d7864331d3f0305","source_id":"us-ca","stale":false,"prev":"us-ca/bpc-7507.11","next":"us-ca/bpc-7507.12"},"notice":"GroundRules: Original legal text. Not legal advice."}