Fabio
81 lines
4.8 KiB
Markdown
81 lines
4.8 KiB
Markdown
---
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type: "Bill"
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title: "Financial institutions: finance lenders: exemptions."
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description: "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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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20092010"
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identifier: "AB 401"
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citation: "California AB 401 (20092010)"
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classification: ["bill"]
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subjects: ["Financial institutions: finance lenders: exemptions."]
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status: "enacted"
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primary_sponsors: ["Ruskin"]
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version_count: 4
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action_count: 18
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vote_count: 4
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first_action: "2009-02-23"
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last_action: "2009-08-06"
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source: "openstates"
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source_identifier: "ocd-bill/3235bdbc-3b77-4f3b-8095-c028d483567f"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB401"
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source_hash: "f4fca09fa6ed16fa81a89678a1f43859156f9085fa980d640392b34c665ac387"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 401 (20092010) — Financial institutions: finance lenders: exemptions.
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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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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/23/09 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB401&version=20090AB40199INT)
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2. **08/06/09 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB401&version=20090AB40197CHP)
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3. **AB401** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=200920100AB401)
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4. **06/26/09 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=200920100AB401&version=20090AB40198ENR)
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## Votes
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- Consent Calendar 2nd AB401 Ruskin — **pass** (pass) · upper
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- Do pass, to Consent Calendar. — **pass** (pass) · lower
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- AB 401 RUSKIN Consent Calendar Second Day Regular Session — **pass** (pass) · lower
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- Do pass and be placed on the Consent Calendar. — **pass** (pass) · upper
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## Sponsors
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- Ruskin — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2009-02-23** Read first time. To print. `reading-1`
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- **2009-02-24** From printer. May be heard in committee March 26.
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- **2009-03-09** Referred to Com. on B. & F. `referral-committee`
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- **2009-04-14** From committee: Do pass. To Consent Calendar. (April 13). `committee-passage-favorable, committee-passage`
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- **2009-04-15** Read second time. To Consent Calendar. `reading-2, reading-1`
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- **2009-04-20** Read third time, passed, and to Senate. (Ayes 75. Noes 0. Page 986.) `reading-3, passage, reading-1`
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- **2009-04-20** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2009-04-30** Referred to Com. on B., F. & I. `referral-committee`
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- **2009-06-18** From committee: Do pass. To Consent Calendar. (June 17). `committee-passage-favorable, committee-passage`
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- **2009-06-22** Read second time. To Consent Calendar. `reading-2, reading-1`
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- **2009-06-24** Read third time, passed, and to Assembly. (Ayes 40. Noes 0. Page 1428.) `reading-3, passage, reading-1`
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- **2009-06-24** In Assembly. To enrollment.
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- **2009-06-30** Enrolled and to the Governor at 3 p.m.
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- **2009-07-01** Withdrawn from Governor.
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- **2009-07-01** Ordered returned to enrollment.
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- **2009-07-30** Enrolled and to the Governor at 2:30 p.m.
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- **2009-08-05** Approved by the Governor. `executive-signature`
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- **2009-08-06** Chaptered by Secretary of State - Chapter 103, Statutes of 2009.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3235bdbc-3b77-4f3b-8095-c028d483567f`. Confidence: reported (aggregated from official California legislature records).
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