---
type: "Bill"
title: "Mortgage loan originators: educational requirements."
description: "The California Finance Lenders Law and the California Residential Mortgage Lending Act define a mortgage loan originator as an individual who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or gain. These laws require that mortgage loan originators be appropriately licensed and fulfill certain educational and other requirements."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20132014"
identifier: "SB 1459"
citation: "California SB 1459 (20132014)"
classification: ["bill"]
subjects: ["Mortgage loan originators: educational requirements."]
status: "enacted"
primary_sponsors: ["Committee on Banking and Financial Institutions"]
version_count: 6
action_count: 21
vote_count: 5
first_action: "2014-02-25"
last_action: "2014-07-10"
source: "openstates"
source_identifier: "ocd-bill/84f87480-0589-4db5-956c-518a6a6d15c0"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140SB1459"
source_hash: "b8cb75117857b378c01ba9fdf4ac6ae669e8a74ea4ac36d4f2cb53d3a21f6c6c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---

# California SB 1459 (20132014) — Mortgage loan originators: educational requirements.

The California Finance Lenders Law and the California Residential Mortgage Lending Act define a mortgage loan originator as an individual who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or gain. These laws require that mortgage loan originators be appropriately licensed and fulfill certain educational and other requirements.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/25/14 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140SB1459&version=20130SB145999INT)
2. **03/28/14 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140SB1459&version=20130SB145998AMD)
3. **04/21/14 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140SB1459&version=20130SB145997AMD)
4. **07/10/14 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140SB1459&version=20130SB145995CHP)
5. **SB1459** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140SB1459)
6. **06/26/14 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201320140SB1459&version=20130SB145996ENR)

## Votes

- Do pass, to Consent Calendar. — **15–0** (pass) · lower
- Do pass, but re-refer to the Committee on Appropriations Recommend Consent. — **9–0** (pass) · upper
- Do pass and re-refer to Committee on Appropriations with recommendation: To Consent Calendar. — **12–0** (pass) · lower
- Consent Calendar 2nd SB1459 Committee on B. & F.I. — **36–0** (pass) · upper
- SB 1459 B.&.F.I. Consent Calendar Second Day — **76–0** (pass) · lower

## Sponsors

- Committee on Banking and Financial Institutions — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2014-02-25** Introduced. Read first time. To Com. on RLS. for assignment. To print. `reading-1, introduction`
- **2014-02-26** From printer. May be acted upon on or after March 28.
- **2014-03-17** Referred to Com. on B. & F.I. `referral-committee`
- **2014-03-28** From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I. `committee-passage, amendment-passage, reading-2, reading-1, referral-committee`
- **2014-04-11** Set for hearing April 30.
- **2014-04-21** From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I. `committee-passage, amendment-passage, reading-2, reading-1, referral-committee`
- **2014-04-30** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 9. Noes 0. Page 3308.) (April 30). Re-referred to Com. on APPR. `committee-passage-favorable, referral-committee, committee-passage`
- **2014-05-02** Set for hearing May 12.
- **2014-05-12** From committee: Be placed on second reading file pursuant to Senate Rule 28.8 and ordered to consent calendar. `committee-passage`
- **2014-05-13** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2014-05-15** Read third time. Passed. (Ayes 36. Noes 0. Page 3467.) Ordered to the Assembly. `reading-3, reading-1, passage`
- **2014-05-15** In Assembly. Read first time. Held at Desk. `reading-1`
- **2014-05-23** Referred to Com. on B. & F. `referral-committee`
- **2014-06-10** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 12. Noes 0.) (June 9). Re-referred to Com. on APPR. `committee-passage-favorable, referral-committee, committee-passage`
- **2014-06-18** From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (June 18). `committee-passage-favorable, committee-passage`
- **2014-06-19** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2014-06-26** Read third time. Passed. (Ayes 76. Noes 0. Page 5706.) Ordered to the Senate. `reading-3, reading-1, passage`
- **2014-06-26** In Senate. Ordered to engrossing and enrolling.
- **2014-06-30** Enrolled and presented to the Governor at 3:30 p.m.
- **2014-07-10** Approved by the Governor. `executive-signature`
- **2014-07-10** Chaptered by Secretary of State. Chapter 123, Statutes of 2014.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/84f87480-0589-4db5-956c-518a6a6d15c0`. Confidence: reported (aggregated from official California legislature records).