- Stage
- Failed
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Feb 1, 2012
What it does
Existing law, the California Finance Lenders Law, provides for the licensure and regulation by the Commissioner of Corporations of those engaged in making consumer loans, as defined, and makes a willful violation of its provisions a misdemeanor. Existing law places a cap on interest rates for consumer loans of less than $2,500. With respect to loans secured by a lien on a motor vehicle, existing law requires a licensee to give at least 15 days' written notice of intent to dispose of a repossessed or surrendered motor vehicle to all persons liable on the loan, as specified. Existing law makes those persons liable for any deficiency after the vehicle is repossessed or surrendered if that…
Where it stands
This bill failed and is no longer moving.
Failed
This bill failed and is no longer moving.
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.