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California Financing Law: enforcement and penalties.

It became law on Sep 25, 2020.

CA AB 2559 · Assembly Bill · 2019–2020

Stage
Became law
Started in
Assembly
Sponsor
Rebecca Bauer-Kahan
Latest action
Sep 25, 2020

What it does

(1) Existing law, the California Financing Law (CFL) , generally provides for the licensure and regulation of finance lenders, brokers, and program administrators by the Commissioner of Business Oversight. The CFL authorizes the commissioner to require the attendance of witnesses and examine under oath, punishable under penalty of perjury, all persons whose testimony is required relative to the loans, assessment contracts, or businesses regulated under the CFL.

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Sep 25, 2020

What moved

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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

It is law in California. What happens now is up to the agency that carries it out, the courts, and the place itself.

Work with this bill

California Financing Law: enforcement and penalties. | 52