Existing law regulates the sale and redemption of pledged property by pawnbrokers. Existing law authorizes a pawnbroker to charge or receive compensation at a rate not exceeding specified amounts based upon the unpaid principal balance of the loan, but at least $3 per month. Existing law also sets forth a schedule of charges applicable to these loans and authorizes a pawnbroker to impose a charge of $1 on any loan for not more than 30 days which does not exceed $14.99. Existing law requires loans made by pawnbrokers to be evidenced by a written contract. Existing law requires a loan to which an original loan debt is applied to be processed as a new loan. A knowing violation of the provisions regulating pawnbrokers is a crime.
Existing law regulates the sale and redemption of pledged property by pawnbrokers. Existing law authorizes a pawnbroker to charge or receive compensation at a rate not exceeding specified amounts based upon the unpaid principal balance of the loan, but at least $3 per month. Existing law also sets forth a schedule of charges applicable to these loans and authorizes a pawnbroker to impose a charge of $1 on any loan for not more than 30 days which does not exceed $14.99. Existing law requires loans made by pawnbrokers to be evidenced by a written contract. Existing law requires a loan to which an original loan debt is applied to be processed as a new loan. A knowing violation of the provisions regulating pawnbrokers is a crime.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
3rd Reading AB424 Eng By Vargas — 33–0 (pass) · upper
AB 424 ENG Consent Calendar Second Day — 70–0 (pass) · lower
Do pass, but re-refer to the Committee on Appropriations. — 5–0 (pass) · upper
Do pass, but re-refer to the Committee on Judiciary Recommend Consent. — 6–0 (pass) · upper
AB 424 ENG Concurrence in Senate Amendments — 78–0 (pass) · lower
Do pass, to Consent Calendar. — 17–0 (pass) · lower
Do pass and be re-referred to the Committee on Appropriations to Consent Calendar. — 11–0 (pass) · lower
Sponsors
Eng — primary (person)
Vargas — principal coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2011-02-14 Read first time. To print. reading-1
2011-02-15 From printer. May be heard in committee March 17.
2011-03-03 Referred to Com. on B. & F. referral-committee
2011-04-12 From committee: Do pass and re-refer to Com. on APPR. with recommendation: to consent calendar. (Ayes 11. Noes 0.) (April 11). Re-referred to Com. on APPR. referral-committee, committee-passage, committee-passage-favorable
2011-05-05 From committee: Do pass. To consent calendar. (Ayes 17. Noes 0.) (May 4). committee-passage, committee-passage-favorable
2011-05-09 Read second time. Ordered to consent calendar. reading-2, reading-1
2011-05-12 Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 0. Page 1356.) reading-3, reading-1, passage
2011-05-12 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2011-05-26 Referred to Coms. on B. & F.I. and JUD. referral-committee
2011-06-06 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. reading-2, amendment-introduction, reading-1, amendment-passage, referral-committee
2011-06-15 In committee: Hearing postponed by committee.
2011-06-30 From committee: Do pass and re-refer to Com. on JUD. with recommendation: to consent calendar. (Ayes 6. Noes 0.) (June 29). Re-referred to Com. on JUD. referral-committee, committee-passage, committee-passage-favorable
2011-07-06 From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (July 5). Re-referred to Com. on APPR. referral-committee, committee-passage, committee-passage-favorable
2011-08-15 From committee: Be placed on second reading file pursuant to Senate Rule 28.8. committee-passage
2011-08-16 Read second time. Ordered to third reading. reading-2, reading-1
2011-08-29 Read third time. Passed. Ordered to the Assembly. (Ayes 33. Noes 0. Page 2079.). reading-3, reading-1, passage
2011-08-29 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 31 pursuant to Assembly Rule 77.
2011-08-31 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 2721.). committee-passage-favorable, amendment-passage
2011-09-07 Enrolled and presented to the Governor at 3:30 p.m.
2011-09-26 Approved by the Governor. executive-signature
2011-09-26 Chaptered by Secretary of State - Chapter 318, Statutes of 2011.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/0beba5fb-265a-47a4-b839-8e0029407616. Confidence: reported (aggregated from official California legislature records).