(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:
Section 7507.115, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=7507.115.
.