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Updated:   2026-02-04

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Measure
Authors Committee on Banking and Finance  
Subject Financial institutions.
Relating To relating to financial institutions.
Title An act to amend Section 2105 of, and to repeal Section 23057 of, the Financial Code, relating to financial institutions.
Last Action Dt 2025-07-28
State Chaptered
Status Chaptered
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No No No None No No Y
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Leginfo Link  
Bill Actions
2025-07-28     Approved by the Governor.
2025-07-28     Chaptered by Secretary of State - Chapter 71, Statutes of 2025.
2025-07-15     Enrolled and presented to the Governor at 3:30 p.m.
2025-07-10     Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2042.).
2025-07-10     In Assembly. Ordered to Engrossing and Enrolling.
2025-07-07     Read second time. Ordered to Consent Calendar.
2025-07-03     From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (July 2).
2025-06-13     In committee: Hearing postponed by committee.
2025-05-21     Referred to Com. on B. & F.I.
2025-05-13     In Senate. Read first time. To Com. on RLS. for assignment.
2025-05-12     Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1520.)
2025-05-07     Read second time. Ordered to Consent Calendar.
2025-05-06     From committee: Do pass. To Consent Calendar. (Ayes 9. Noes 0.) (May 5).
2025-03-13     Referred to Com. on B.&F.
2025-02-28     From printer. May be heard in committee March 30.
2025-02-27     Read first time. To print.
Versions
Chaptered     2025-07-28
Enrolled     2025-07-11
Introduced     2025-02-27
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

(1) Existing law, the Money Transmission Act, generally regulates money transmission businesses. The act requires each licensee or agent to prominently post on the premises of each branch office that conducts money transmission a specified notice.

This bill would change the contact information required to be provided in that notice.

(2) Existing law, the California Deferred Deposit Transaction Law, generally regulates the offering, originating, and making of deferred deposit transactions. Existing law required a report regarding the implementation of that law to be submitted to the Governor and the Legislature on December 1, 2007, as specified.

This bill would repeal that reporting provision.