California § 7507.115 - A licensee shall not appraise or determine the value of any collateral, whether d

Full text of California Public Contract Code - PCC § 7507.115 — A licensee shall not appraise or determine the value of any collateral, whether d, with citation guidance and answers to common questions.

§ 7507.115. A licensee shall not appraise or determine the value of any collateral, whether d

(a) A licensee shall not appraise or determine the value of any collateral, whether damaged or not. (b) (1) Notwithstanding subdivision (a), a licensee may complete a condition report that makes a general assessment of the collateral. (2) A condition report does not include all damage or missing parts. (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.”

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 7507.115

What does Public Contract Code - PCC § 7507.115 cover?

Section 7507.115 ("A licensee shall not appraise or determine the value of any collateral, whether d") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 7507.115?

A common citation format is "Public Contract Code - PCC § 7507.115" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 7507.115 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.