republic-os/legislation/us/states/ca/20092010/ab-329.md

---
type: "Bill"
title: "Reverse mortgages."
description: "Existing law defines and regulates reverse mortgage loans and provides a disclosure notice that a lender must provide an applicant, which informs the applicant that a reverse mortgage is a complex financial arrangement and advises the applicant of the wisdom of seeking financial counseling before entering the agreement. Existing law prohibits a lender from referring a borrower to anyone for the purchase of an annuity. Existing law requires a lender to refer a prospective borrower to a housing counseling agency for counseling, as specified, prior to accepting a final and complete application for a reverse mortgage or assessing any fees."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20092010"
identifier: "AB 329"
citation: "California AB 329 (20092010)"
classification: ["bill"]
subjects: ["Reverse mortgages."]
status: "enacted"
primary_sponsors: ["Feuer"]
version_count: 10
action_count: 31
vote_count: 6
first_action: "2009-02-18"
last_action: "2009-10-11"
source: "openstates"
source_identifier: "ocd-bill/02bba471-d99d-4ba5-9876-de6433a8ef6c"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB329"
source_hash: "935f85d6d93563d1e7a45661a350278a6c684042357b82ed04a70db6bde31d99"
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 AB 329 (20092010) — Reverse mortgages.

Existing law defines and regulates reverse mortgage loans and provides a disclosure notice that a lender must provide an applicant, which informs the applicant that a reverse mortgage is a complex financial arrangement and advises the applicant of the wisdom of seeking financial counseling before entering the agreement. Existing law prohibits a lender from referring a borrower to anyone for the purchase of an annuity. Existing law requires a lender to refer a prospective borrower to a housing counseling agency for counseling, as specified, prior to accepting a final and complete application for a reverse mortgage or assessing any fees.

## Version chain

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

1. **02/18/09 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32999INT)
2. **04/13/09 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32998AMD)
3. **04/16/09 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32997AMD)
4. **04/29/09 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32996AMD)
5. **05/07/09 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32995AMD)
6. **05/27/09 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32994AMD)
7. **07/23/09 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32993AMD)
8. **10/11/09 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32991CHP)
9. **AB329** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB329)
10. **09/09/09 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB329&version=20090AB32992ENR)

## Votes

- AB 329 FEUER Concurrence in Senate Amendments — **pass** (pass) · lower
- AB 329 FEUER Assembly Third Reading — **pass** (pass) · lower
- Do pass as amended and be re-referred to the Committee on Banking and Finance. — **pass** (pass) · lower
- Do pass, but re-refer to the Committee on Judiciary. — **pass** (pass) · upper
- Do pass as amended. — **pass** (pass) · lower
- Assembly 3rd Reading AB329 Feuer By Wolk — **pass** (pass) · upper

## Sponsors

- Feuer — primary (person)

## Timeline

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

- **2009-02-18** Read first time. To print. `reading-1`
- **2009-02-19** From printer. May be heard in committee March 21.
- **2009-03-09** Referred to Coms. on JUD. and B. & F. `referral-committee`
- **2009-03-25** In committee: Hearing postponed by committee.
- **2009-04-13** From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. `amendment-introduction, reading-2, amendment-passage, reading-1`
- **2009-04-13** Re-referred to Com. on JUD. `referral-committee`
- **2009-04-13** In committee: Hearing postponed by committee.
- **2009-04-16** From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. `amendment-introduction, reading-2, amendment-passage, reading-1`
- **2009-04-20** Re-referred to Com. on JUD. `referral-committee`
- **2009-04-28** From committee: Amend, do pass as amended, and re-refer to Com. on B. & F. (Ayes 7. Noes 2.) (April 21). `amendment-introduction, amendment-passage, committee-passage`
- **2009-04-29** Read second time and amended. `amendment-passage, reading-2, reading-1`
- **2009-04-30** Re-referred to Com. on B. & F. `referral-committee`
- **2009-05-06** From committee: Amend, and do pass as amended. (Ayes 9. Noes 0.) (May 4). `amendment-introduction, amendment-passage, committee-passage`
- **2009-05-07** Read second time and amended. Ordered returned to second reading. `amendment-passage, reading-2, reading-1`
- **2009-05-11** Read second time. To third reading. `reading-2, reading-1`
- **2009-05-14** Read third time, passed, and to Senate. (Ayes 68. Noes 2. Page 1459.) `reading-3, passage, reading-1`
- **2009-05-14** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
- **2009-05-21** Referred to Coms. on B., F. & I. and JUD. `referral-committee`
- **2009-05-27** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., F. & I. `amendment-introduction, reading-2, amendment-passage, referral-committee, reading-1`
- **2009-06-18** From committee: Do pass, and re-refer to Com. on JUD. Re-referred. (Ayes 9. Noes 2.) (June 17). `committee-passage-favorable, committee-passage`
- **2009-06-24** Withdrawn from committee. Ordered placed on second reading file.
- **2009-06-25** Read second time. To third reading. `reading-2, reading-1`
- **2009-07-23** Read third time, amended. To second reading. `reading-3, amendment-passage, reading-1`
- **2009-08-17** Read second time. To third reading. `reading-2, reading-1`
- **2009-09-01** Read third time, passed, and to Assembly. (Ayes 28. Noes 7. Page 2064.) `reading-3, passage, reading-1`
- **2009-09-02** In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 4 pursuant to Assembly Rule 77.
- **2009-09-03** Assembly Rule 77 suspended. (Page 2970.)
- **2009-09-03** Senate amendments concurred in. To enrollment. (Ayes 72. Noes 2. Page 2975.) `amendment-passage, committee-passage-favorable`
- **2009-09-11** Enrolled and to the Governor at 7 p.m.
- **2009-10-11** Approved by the Governor. `executive-signature`
- **2009-10-11** Chaptered by Secretary of State - Chapter 236, Statutes of 2009.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/02bba471-d99d-4ba5-9876-de6433a8ef6c`. Confidence: reported (aggregated from official California legislature records).