FI showroom red and grey logo
MenuMENU
SearchSEARCH

Calif. BHPH Bills Clear Hurdles

Three Calif. bills that aim to regulate buy-here, pay-here dealers passed through their respective houses of origin this week, beating a key June 1 deadline.

by Staff
June 1, 2012
2 min to read


SACRAMENTO, Calif. — The three legislative proposals aimed at setting new restrictions for California’s buy-here, pay-here dealers passed out of their respected houses of origin this week, with the Assembly passing two of the bills on Tuesday and the Senate passing the third bill two days later.

Assembly bills 1447 and 1534 were referred to the Senate Rules Committee after passing the Assembly by a majority vote. The third bill, SB 956, was approved by the Senate by a 23-12 vote on Thursday and was heard by the Assembly the same day. 

Ad Loading...

“The rules committee looks at each measure and determines where they’ll need to be heard and we refer them to the appropriate policy committees,” said Jane Brown, committee assistant to the Senate Rules Committee.

All three bills, which faced a June 1 deadline to make it out of the respective houses of origin, must pass the policy committee level by July 6 and both houses by Aug. 31. Governor Jerry Brown will then have until Sept. 30 to pass or veto the bills.

If passed, AB 1447, introduced by Assemblyman Mike Feuer (D-Torrance), will require that BHPH dealers provide a limited warranty for all major components on vehicles sold. It will also implement new disclosures when ignition shutdown technology is present in a vehicle.

Assemblyman Bob Wieckowski (D-Fremont)’s legislation, AB 1534, mandates that dealers display a window sticker with the reasonable market value on all vehicles for sale, among other requirements.

Senate Bill 956, proposed by Senator Ted Lieu (D-Torrance), would lower the cap on interest rates from 30 to 17.25 percent, which would become the lowest cap in the nation if the measure is passed.

Ad Loading...

Buy-here, pay-here dealers caught the attention of state lawmakers last November after the Los Angeles Times published a series of articles critical of the segment. The three lawmakers introduced their bills in January, about four months before the Consumer Financial Protection Bureau announced its interest in learning more about the BHPH industry.

 

 

 

More F&I

Cover image for a BOK Financial report titled “Timing the market: How avoiding volatility entirely can hurt long-term reinsurance program performance.” The image shows several road construction barricades with flashing amber warning lights lined up in a nighttime work zone. Beneath the image, red text explains that avoiding volatility can mean falling behind inflation and missing market rebounds that drive long-term surplus growth. The BOK Financial logo appears at the bottom right.
SponsoredMay 8, 2026

Timing the Market Can Hurt Long-Term Program Performance

For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.

Read More →
Ryan Ruff, The 90/10 Rule, Automotive Training Academy, Sales Series
F&IMay 6, 2026

The 90/10 Rule

In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.

Read More →
Photo of essential oil diffuser on desk next to laptop
F&IMay 4, 2026

Your Office Is Talking

What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.

Read More →
Ad Loading...
"Effective training ensures the customer’s needs remain at the heart of everything we do. When that is the focus, both sales and profits naturally improve." by Rick McCormick with F&I and Showroom logo and picture of Rick McCormick
F&IMay 1, 2026

F&I Training Fundamentals

How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.

Read More →
Photo of car tire and the tread mark it left in snow
F&Iby Hannah MitchellApril 29, 2026

Not Just Any Tire Will Do

More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.

Read More →
Photo of robot holding a laptop
F&Iby Hannah MitchellApril 27, 2026

How AI Will Drive the Next Wave of Innovation in Finance & Insurance

It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.

Read More →
Ad Loading...
Photo of notepad and pen next to computer keyboard on desktop
F&IApril 13, 2026

Control in Sales Is an Illusion

Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.

Read More →
Photo of external keyboard on office deak next to window
F&IApril 7, 2026

The Limited Warranty Game

Bringing it in-house benefits the dealership and its customers.

Read More →
Woman in casual clothing sitting at a desk
F&Iby Rick McCormickMarch 31, 2026

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

Read More →
Ad Loading...
Photo of man's hand on laptop computer keyboard with blank screen
F&IMarch 16, 2026

There Is Always one More Product

Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.

Read More →