| Measure |
|
| Authors |
Seyarto
Coauthors:
Niello
|
| Subject |
California Financing Law: mortgage trigger lead information. |
| Relating To |
relating to financial institutions. |
| Title |
An act to add Section 22605 to the Financial Code, relating to financial institutions. |
| Last Action Dt |
2026-01-29 |
| State |
Introduced |
| Status |
In Committee Process |
| Flags |
| Vote Req |
Approp |
Fiscal Cmte |
Local Prog |
Subs Chgs |
Urgency |
Tax Levy |
Active? |
| Majority |
No |
Yes |
Yes |
None |
No |
No |
Y
|
i |
|
Leginfo Link
|
|
| Bill Actions |
| 2026-03-09 |
|
March 18 set for first hearing canceled at the request of author. |
| 2026-02-24 |
|
Set for hearing March 18. |
| 2026-02-11 |
|
Referred to Coms. on B. & F.I. and JUD. |
| 2026-01-30 |
|
From printer. May be acted upon on or after March 1. |
| 2026-01-29 |
|
Introduced. Read first time. To Com. on RLS. for assignment. To print. |
|
| Versions |
|
| Analyses |
TBD |
| Latest Text |
Bill Full Text |
| Latest Text Digest |
Existing law, the California Financing Law, generally regulates the business of finance lenders and brokers and prohibits any person from engaging in those businesses without obtaining a license from the Commissioner of Financial Protection and Innovation. Existing law also imposes various requirements on licensees who offer or sell commercial loans, as defined. Existing law prohibits a person that receives compensation in connection with a referral of a commercial loan from making a materially false or misleading statement or representation to a borrower about the terms or conditions of a prospective loan or from engaging in various other deceptive and unfair acts. A willful violation of the California Financing Law is a crime, except as specified.
|