Fabio
93 lines
6.8 KiB
Markdown
93 lines
6.8 KiB
Markdown
---
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type: "Bill"
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title: "Real estate trust fund accounts: bond requirement."
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description: "Existing law, the Real Estate Law, provides for the licensure and regulation of real estate brokers by the Real Estate Commissioner. Existing law requires a real estate broker who accepts funds belonging to others in connection with a transaction to deposit all those funds in either a neutral escrow depository, into the hands of the broker's principal, or into a trust fund account, as specified."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20152016"
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identifier: "AB 607"
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citation: "California AB 607 (20152016)"
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classification: ["bill"]
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subjects: ["Real estate trust fund accounts: bond requirement."]
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status: "enacted"
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primary_sponsors: ["Dodd"]
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version_count: 8
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action_count: 23
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vote_count: 6
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first_action: "2015-02-24"
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last_action: "2015-08-17"
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source: "openstates"
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source_identifier: "ocd-bill/e76dd07d-dd6f-41af-b5e5-0ed14f916c44"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB607"
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source_hash: "59ac5c1641955c77fc718bd9622ec7b45dc5e1fcea3f914759d250945beef896"
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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 607 (20152016) — Real estate trust fund accounts: bond requirement.
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Existing law, the Real Estate Law, provides for the licensure and regulation of real estate brokers by the Real Estate Commissioner. Existing law requires a real estate broker who accepts funds belonging to others in connection with a transaction to deposit all those funds in either a neutral escrow depository, into the hands of the broker's principal, or into a trust fund account, as specified.
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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. **02/24/15 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB607&version=20150AB60799INT)
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2. **04/23/15 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB607&version=20150AB60798AMD)
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3. **05/22/15 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB607&version=20150AB60797AMD)
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4. **06/08/15 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB607&version=20150AB60796AMD)
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5. **06/23/15 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB607&version=20150AB60795AMD)
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6. **08/17/15 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB607&version=20150AB60793CHP)
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7. **AB607** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB607)
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8. **07/15/15 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201520160AB607&version=20150AB60794ENR)
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## Votes
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- Do pass. To Consent Calendar. — **17–0** (pass) · lower
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- 3rd Reading AB607 Dodd By McGuire — **39–0** (pass) · upper
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- AB 607 DODD Consent Calendar Second Day — **77–0** (pass) · lower
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- Do pass and be re-referred to the Committee on [Appropriations] — **14–0** (pass) · lower
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- Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — **7–0** (pass) · upper
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- AB 607 DODD Concurrence in Senate Amendments — **79–0** (pass) · lower
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## Sponsors
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- Dodd — primary (person)
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- Gatto — principal coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2015-02-24** Read first time. To print. `reading-1`
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- **2015-02-25** From printer. May be heard in committee March 27.
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- **2015-03-09** Referred to Com. on B. & P. `referral-committee`
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- **2015-04-14** From committee: Do pass and re-refer to Com. on APPR. (Ayes 14. Noes 0.) (April 14). Re-referred to Com. on APPR. `referral-committee, committee-passage-favorable, committee-passage`
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- **2015-04-23** From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended. `reading-2, amendment-introduction, amendment-passage, reading-1`
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- **2015-04-27** Re-referred to Com. on APPR. `referral-committee`
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- **2015-04-29** From committee: Do pass. To Consent Calendar. (Ayes 17. Noes 0.) (April 29). `committee-passage-favorable, committee-passage`
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- **2015-04-30** Read second time. Ordered to Consent Calendar. `reading-2, reading-1`
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- **2015-05-07** Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1347.) `reading-3, passage, reading-1`
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- **2015-05-07** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2015-05-21** Referred to Com. on B. & F.I. `referral-committee`
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- **2015-05-22** 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. `referral-committee, reading-2, amendment-introduction, amendment-passage, reading-1`
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- **2015-06-08** 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. `referral-committee, reading-2, amendment-introduction, amendment-passage, reading-1`
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- **2015-06-22** From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (June 17). `amendment-introduction, committee-passage, amendment-passage`
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- **2015-06-23** Read second time and amended. Re-referred to Com. on APPR. `referral-committee, reading-2, amendment-passage, reading-1`
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- **2015-07-06** From committee: Be placed on second reading file pursuant to Senate Rule 28.8. `committee-passage`
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- **2015-07-07** Read second time. Ordered to third reading. `reading-2, reading-1`
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- **2015-07-09** Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 1878.). `reading-3, passage, reading-1`
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- **2015-07-09** In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 11 pursuant to Assembly Rule 77.
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- **2015-07-13** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 2355.). `committee-passage-favorable, amendment-passage`
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- **2015-08-03** Enrolled and presented to the Governor at 3 p.m.
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- **2015-08-17** Approved by the Governor. `executive-signature`
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- **2015-08-17** Chaptered by Secretary of State - Chapter 216, Statutes of 2015.
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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/e76dd07d-dd6f-41af-b5e5-0ed14f916c44`. Confidence: reported (aggregated from official California legislature records).
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