SB 777 California Senate · 2015-2016 Regular Session

The California Finance Lenders Law: application.

Summary

Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders and brokers. Existing law exempts from its provisions, among others, persons making 5 or fewer commercial loans in a 12-month period if the loans are incidental to the business of the person relying upon the exemption. This bill would also exempt, until January 1, 2022, a person who makes one commercial loan in a 12-month period from regulation pursuant to the California Finance Lenders Law.

Bill status signed all 5 stages cleared

Introduction

Feb 2015

Committee Review

Aug 2016

Senate Passage

May 2015

Assembly Passage

Aug 2016

Signed into Law

Sep 2016

Introduced Feb 27, 2015 Signed Sep 22, 2016

Floor votes · Senate Aug 29, 2016 · Assembly Aug 18, 2016

How they voted

34–0

Passed

Total votes 34

Aug 29, 2016

D Democratic24

24 Yea

100% Yea

R Republican10

10 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Sep 22, 2016

Signed into law

Approved by the Governor.

legislature

Aug 29, 2016

Senate · Passed

Senate Vote: pass (34-0)

senate

Aug 29, 2016

Upper · Passed

Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5488.) Ordered to engrossing and enrolling.

upper

Aug 25, 2016

Upper · Passed

From committee: That the Assembly amendments be concurred in. (Ayes 7. Noes 0. Page 5436.)

upper

Aug 25, 2016

Committee

From committee: Be re-referred to Com. on B. & F.I. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 5387.) Re-referred to Com. on B. & F.I.

upper

Aug 25, 2016

Committee

Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d).

upper

Aug 24, 2016

Introduced

In Senate. Concurrence in Assembly amendments pending.

upper

Aug 18, 2016

Assembly · Passed

Assembly Vote: pass (73-0-2)

assembly

Aug 11, 2016

Committee

Read second time and amended. Re-referred to Com. on APPR.

lower

Aug 10, 2016

Lower · Passed

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (August 9).

lower

Aug 4, 2016

Committee

Re-referred to Com. on B. & F. pursuant to Assembly Rule 77.2.

lower

Jul 9, 2015

Lower · Passed

From committee: Do pass. (Ayes 18. Noes 0.) (July 8).

lower

Jun 4, 2015

Committee

Referred to Com. on G.O.

lower

May 12, 2015

Upper · Passed

From committee: Do pass. Ordered to consent calendar. (Ayes 9. Noes 0. Page 973.) (May 12).

upper

Apr 16, 2015

Committee

Re-referred to Com. on G.O.

upper

Apr 6, 2015

Committee

From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.

upper

Mar 19, 2015

Committee

Referred to Com. on RLS.

upper

Feb 27, 2015

Introduced

Introduced. To Com. on RLS. for assignment. To print.

upper

1 primary · 0 co-sponsors