On page 15, beginning on line 1, after "(25)" strike all material through "transferee." on line 7 and insert "Bring an action or initiate an arbitration proceeding on a claim for any amounts related to a transfer of sale of a vehicle when:

(c) Prior to the commencement of the action or arbitration, the licensee has received from the putative transferee a copy of a police report referencing that the transfer of sale of the vehicle either (i) was not made pursuant to a legal transfer or (ii) was not voluntarily accepted by the person designated as the purchaser/transferee."

EFFECT: Adds that a collection agency must not bring an action or initiate an arbitration proceeding when: The transfer of the vehicle either was not made pursuant to a legal transfer or was not voluntarily accepted by the person designated as the purchaser/transferee; and, prior to the commencement of the action or arbitration, the collection agency has received from the putative transferee a copy of a police report referencing that the transfer of sale of the vehicle either was not made pursuant to a legal transfer or was not voluntarily accepted by the person designated as the purchaser/transferee.