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Credit services organizations.

This bill failed and is no longer moving.

CA AB 1089 · Assembly Bill · 2021–2022

Stage
Failed
Started in
Assembly
Sponsor
1
Latest action
Feb 1, 2022

What it does

Existing law, the Credit Services Act of 1984, defines and regulates the activities of credit services organizations. Existing law generally defines a credit services organization as a person who, for payment, performs specified credit-related services, such as improving a buyer's credit record and obtaining loans. Existing law requires credit services organizations to obtain a surety bond, as specified, before conducting business and requires that they register with the Department of Justice, subject to a fee of $100.

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Credit services organizations. | 52