--- type: "Bill" title: "The California Finance Lenders Law: application." description: "Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders and brokers. Existing law exempts from its provisions, among others, persons making 5 or fewer commercial loans in a 12-month period if the loans are incidental to the business of the person relying upon the exemption." jurisdiction: "us/states/ca" legislature: "California Legislature" session: "20152016" identifier: "SB 777" citation: "California SB 777 (20152016)" classification: ["bill"] subjects: ["The California Finance Lenders Law: application."] status: "enacted" primary_sponsors: ["Lara"] version_count: 7 action_count: 34 vote_count: 7 first_action: "2015-02-27" last_action: "2016-09-22" source: "openstates" source_identifier: "ocd-bill/a87e4501-be1f-4ebb-a16a-4c8a85edbb04" source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB777" source_hash: "321c132a9660a688b20225505845a3398f73eb68c373f29cde357e80e100238a" 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 777 (20152016) — The California Finance Lenders Law: application. Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders and brokers. Existing law exempts from its provisions, among others, persons making 5 or fewer commercial loans in a 12-month period if the loans are incidental to the business of the person relying upon the exemption. ## Version chain The bill's text revisions, in order — the diff chain from filing to enrollment. 1. **02/27/15 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB777&version=20150SB77799INT) 2. **04/06/15 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB777&version=20150SB77798AMD) 3. **08/04/16 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB777&version=20150SB77797AMD) 4. **08/11/16 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB777&version=20150SB77796AMD) 5. **09/22/16 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB777&version=20150SB77794CHP) 6. **SB777** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB777) 7. **09/02/16 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160SB777&version=20150SB77795ENR) ## Votes - Consent Calendar 2nd — **36–0** (pass) · upper - Do pass as amended and be re-referred to the Committee on [Appropriations] — **11–0** (pass) · lower - Do pass and be ordered to the Consent Calendar — **9–0** (pass) · upper - SB 777 Lara Senate Third Reading By SANTIAGO — **78–0** (pass) · lower - That the Assembly amendments be concurred in — **7–0** (pass) · upper - Do pass. — **18–0** (pass) · lower - Unfinished Business SB777 Lara Concurrence — **39–0** (pass) · upper ## Sponsors - Lara — primary (person) ## Timeline The legislative action history — every referral, reading, and vote. - **2015-02-27** Introduced. To Com. on RLS. for assignment. To print. `introduction` - **2015-03-02** From printer. May be acted upon on or after April 1. - **2015-03-02** Read first time. `reading-1` - **2015-03-19** Referred to Com. on RLS. `referral-committee` - **2015-04-06** From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS. `referral-committee, reading-2, amendment-passage, committee-passage, reading-1` - **2015-04-16** Re-referred to Com. on G.O. `referral-committee` - **2015-04-21** Set for hearing May 12. - **2015-05-12** From committee: Do pass. Ordered to consent calendar. (Ayes 9. Noes 0. Page 973.) (May 12). `committee-passage-favorable, committee-passage` - **2015-05-13** Read second time. Ordered to consent calendar. `reading-2, reading-1` - **2015-05-18** Read third time. Passed. (Ayes 36. Noes 0. Page 1029.) Ordered to the Assembly. `reading-3, passage, reading-1` - **2015-05-18** In Assembly. Read first time. Held at Desk. `reading-1` - **2015-06-04** Referred to Com. on G.O. `referral-committee` - **2015-07-09** From committee: Do pass. (Ayes 18. Noes 0.) (July 8). `committee-passage-favorable, committee-passage` - **2015-07-13** Read second time. Ordered to third reading. `reading-2, reading-1` - **2015-08-20** Ordered to inactive file on request of Assembly Member Holden. - **2016-06-30** Notice of intention to remove from inactive file given by Assembly Member Calderon. - **2016-08-01** From inactive file. - **2016-08-01** Ordered to third reading. - **2016-08-04** Read third time and amended. `reading-3, amendment-passage, reading-1` - **2016-08-04** Ordered to third reading. - **2016-08-04** Re-referred to Com. on B. & F. pursuant to Assembly Rule 77.2. `referral-committee` - **2016-08-10** From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (August 9). `committee-passage-favorable, committee-passage, amendment-passage` - **2016-08-11** Read second time and amended. Re-referred to Com. on APPR. `referral-committee, reading-2, amendment-passage, reading-1` - **2016-08-11** Withdrawn from committee. - **2016-08-11** Ordered to third reading. - **2016-08-18** Read third time. Passed. (Ayes 78. Noes 0. Page 5905.) Ordered to the Senate. `reading-3, passage, reading-1` - **2016-08-24** In Senate. Concurrence in Assembly amendments pending. - **2016-08-25** Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d). `referral-committee` - **2016-08-25** From committee: Be re-referred to Com. on B. & F.I. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 5387.) Re-referred to Com. on B. & F.I. `referral-committee, committee-passage` - **2016-08-25** From committee: That the Assembly amendments be concurred in. (Ayes 7. Noes 0. Page 5436.) `committee-passage` - **2016-08-29** Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5488.) Ordered to engrossing and enrolling. `committee-passage-favorable, amendment-passage` - **2016-09-08** Enrolled and presented to the Governor at 5 p.m. - **2016-09-22** Approved by the Governor. `executive-signature` - **2016-09-22** Chaptered by Secretary of State. Chapter 478, Statutes of 2016. ## Source OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a87e4501-be1f-4ebb-a16a-4c8a85edbb04`. Confidence: reported (aggregated from official California legislature records).