---
type: "Bill"
title: "Commercial financing transactions: fees."
description: "Existing law prohibits a covered entity, as defined, from charging certain fees in connection with a commercial financing transaction with a small business or small business owner, including a fee for monitoring the small business' collateral, unless the underlying commercial financing transaction is delinquent for more than 60 days."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20232024"
identifier: "SB 1521"
citation: "California SB 1521 (20232024)"
classification: ["bill"]
subjects: ["Commercial financing transactions", "fees"]
status: "enacted"
primary_sponsors: ["Committee on Banking and Financial Institutions"]
version_count: 4
action_count: 23
vote_count: 6
first_action: "2024-03-11"
last_action: "2024-08-19"
source: "openstates"
source_identifier: "ocd-bill/31c724b7-e2a1-40b7-b4c6-47d4cd8b71fd"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB1521"
source_hash: "445ca97d14796a1a360509ac452a51b04d21432aca11594f1968df19e926457d"
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 1521 (20232024) — Commercial financing transactions: fees.

Existing law prohibits a covered entity, as defined, from charging certain fees in connection with a commercial financing transaction with a small business or small business owner, including a fee for monitoring the small business' collateral, unless the underlying commercial financing transaction is delinquent for more than 60 days.

## Version chain

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

1. **03/11/24 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB1521&version=20230SB152199INT)
2. **08/19/24 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB1521&version=20230SB152197CHP)
3. **SB1521** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB1521)
4. **08/09/24 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB1521&version=20230SB152198ENR)

## Votes

- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — **11–0** (pass) · upper
- Do pass. To Consent Calendar. — **15–0** (pass) · lower
- SB 1521 Banking and Financial Institutions Consent Calendar Second Day — **72–0** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Judiciary] with the recommendation: To Consent Calendar — **7–0** (pass) · upper
- Consent Calendar 2nd SB1521 B. & F.I. — **37–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — **8–0** (pass) · lower

## Sponsors

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

## Timeline

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

- **2024-03-11** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
- **2024-03-12** From printer. May be acted upon on or after April 11.
- **2024-03-20** Referred to Coms. on B. & F.I. and JUD. `referral-committee`
- **2024-04-05** Set for hearing April 17.
- **2024-04-09** Set for hearing April 23 in JUD. pending receipt.
- **2024-04-17** From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 3659.) (April 17). Re-referred to Com. on JUD. `committee-passage, committee-passage-favorable, referral-committee`
- **2024-04-24** From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 11. Noes 0. Page 3728.) (April 23). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2024-04-26** Set for hearing May 6.
- **2024-05-06** From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. `committee-passage, reading-2`
- **2024-05-07** Read second time. Ordered to consent calendar. `reading-1, reading-2`
- **2024-05-09** Read third time. Passed. (Ayes 37. Noes 0. Page 3874.) Ordered to the Assembly. `passage, reading-1, reading-3`
- **2024-05-09** In Assembly. Read first time. Held at Desk. `reading-1`
- **2024-05-20** Referred to Com. on JUD. `referral-committee`
- **2024-05-21** Re-referred to Com. on B. & F. pursuant to Assembly Rule 96. `referral-committee`
- **2024-06-18** From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 8. Noes 0.) (June 17). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2024-06-26** June 26 hearing postponed by committee.
- **2024-07-02** From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (July 2). `committee-passage, committee-passage-favorable`
- **2024-07-03** Read second time. Ordered to consent calendar. `reading-1, reading-2`
- **2024-08-08** Read third time. Passed. (Ayes 72. Noes 0. Page 6251.) Ordered to the Senate. `passage, reading-1, reading-3`
- **2024-08-08** In Senate. Ordered to engrossing and enrolling.
- **2024-08-13** Enrolled and presented to the Governor at 2 p.m.
- **2024-08-19** Approved by the Governor. `executive-signature`
- **2024-08-19** Chaptered by Secretary of State. Chapter 194, Statutes of 2024. `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/31c724b7-e2a1-40b7-b4c6-47d4cd8b71fd`. Confidence: reported (aggregated from official California legislature records).