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Financial institutions: finance lenders: exemptions.

It became law on Aug 6, 2009.

CA AB 401 · Assembly Bill · 2009–2010

Stage
Became law
Started in
Assembly
Sponsor
1
Latest action
Aug 6, 2009

What it does

Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders, as defined, by the Commissioner of Corporations and prohibits a person from engaging in the business of a finance lender or broker without a license. Until January 1, 2010, existing law exempts from its requirements a program-related investment by a private foundation, tax‑exempt organization, and a loan, guaranty, or investment made by a public charity, tax‑exempt organization meeting specified requirements.

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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)

    Aug 6, 2009

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

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

Work with this bill

Financial institutions: finance lenders: exemptions. | 52