SB 1131: Debt collection.

The bill aims to amend the debt collection licensing act to regulate the business of debt collection in California. A single license is required for a licensee's business, and separate licenses are no longer needed for individual branch offices, facilities, or subsidiaries. The bill exempts additional persons and activities from its provisions. The commissioner's power to suspend a license for certain violations is limited if the violation has been adjudicated by a court. The application fee is increased to $1,000, and the annual fee is adjusted based on the number of California debtor accounts in active collection. Examinations can be conducted remotely unless necessary for public protection. The bill establishes a debt collection advisory board to provide advice to the commissioner on matters related to debt collection.