California Financing Law: Pilot Program for Increased Access to Responsible Small Dollar Loans: monthly maintenance fees.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Apr 25, 2022
What it does
Existing law, the California Financing Law (CFL) , establishes, until January 1, 2028, the Pilot Program for Increased Access to Responsible Small Dollar Loans, which requires licensees and other entities that wish to participate in the program to file an application and pay a specified fee to the Commissioner of Financial Protection and Innovation. The CFL also requires a licensee to offer, before disbursing loan proceeds under the program, a credit education program or seminar to the borrower that has been previously reviewed and approved by the commissioner or to invite the borrower to a credit education program or seminar offered by an independent third party that has been previously…
Where it stands
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
Introduced (Done)
Committee (Current step)
Floor (Needs attention)
Law (Not started)
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
While a bill can still move, the questions are about people and money in California.