Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders by the Commissioner of Business Oversight. Existing law makes a willful violation of the law by any person a crime. Existing law defines a finance lender as any person who is engaged in the business of making consumer loans or commercial loans. Existing law defines a commercial loan as a loan of a principal amount of $5,000 or more, or any loan under an open-end credit program, whether secured by either real or personal property, or both, or unsecured, the proceeds of which are intended by the borrower for use primarily for purposes other than personal, family, or household.
California SB 197 (20152016) — Finance lenders: commercial loan: referral.
Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders by the Commissioner of Business Oversight. Existing law makes a willful violation of the law by any person a crime. Existing law defines a finance lender as any person who is engaged in the business of making consumer loans or commercial loans. Existing law defines a commercial loan as a loan of a principal amount of $5,000 or more, or any loan under an open-end credit program, whether secured by either real or personal property, or both, or unsecured, the proceeds of which are intended by the borrower for use primarily for purposes other than personal, family, or household.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Unfinished Business SB197 Block Concurrence — 39–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Appropriations] — 6–0 (pass) · upper
Do pass as amended and be re-referred to the Committee on [Appropriations] — 12–0 (pass) · lower
SB 197 Block Senate Third Reading By DABABNEH — 78–0 (pass) · lower
3rd Reading — 36–0 (pass) · upper
Do pass. To Consent Calendar. — 16–0 (pass) · lower
Sponsors
Block — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2015-02-10 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2015-02-11 From printer. May be acted upon on or after March 13.
2015-02-19 Referred to Com. on B. & F.I. referral-committee
2015-03-10 Set for hearing April 29.
2015-04-15 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I. referral-committee, reading-2, amendment-passage, committee-passage, reading-1
2015-04-29 From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 813.) (April 29). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2015-05-01 Set for hearing May 11.
2015-05-11 From committee: Be ordered to second reading pursuant to Senate Rule 28.8. committee-passage, reading-2
2015-05-12 Read second time. Ordered to third reading. reading-2, reading-1
2015-05-18 Read third time. Passed. (Ayes 36. Noes 0. Page 1020.) Ordered to the Assembly. reading-3, passage, reading-1
2015-05-18 In Assembly. Read first time. Held at Desk. reading-1
2015-05-28 Referred to Com. on B. & F. referral-committee
2015-06-08 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. referral-committee, reading-2, amendment-passage, committee-passage, reading-1
2015-06-24 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (June 22). committee-passage-favorable, committee-passage, amendment-passage
2015-06-25 Read second time and amended. Re-referred to Com. on APPR. referral-committee, reading-2, amendment-passage, reading-1
2015-07-15 From committee: Do pass. Ordered to consent calendar. (Ayes 16. Noes 0.) (July 15). committee-passage-favorable, committee-passage
2015-07-16 Read second time. Ordered to consent calendar. reading-2, reading-1
2015-08-17 From consent calendar on motion of Assembly Member Holden.
2015-08-17 Ordered to third reading.
2015-08-20 Read third time and amended. reading-3, amendment-passage, reading-1
2015-08-20 Ordered to third reading.
2015-08-20 Re-referred to Com. on B. & F. pursuant to Assembly Rule 77.2. referral-committee
2015-08-27 From committee: Do pass as amended. (Ayes 10. Noes 0.) (August 27). committee-passage-favorable, committee-passage, amendment-passage
2015-08-31 Read second time and amended. Ordered to second reading. amendment-passage, reading-2, reading-1
2015-09-01 Read second time. Ordered to third reading. reading-2, reading-1
2015-09-02 Read third time. Passed. (Ayes 78. Noes 0. Page 2786.) Ordered to the Senate. reading-3, passage, reading-1
2015-09-02 In Senate. Concurrence in Assembly amendments pending.
2015-09-03 Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d). referral-committee
2015-09-03 From committee: Be re-referred to Com. on B. & F.I. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 2442.) Re-referred to Com. on B. & F.I. referral-committee, committee-passage
2015-09-04 Set for hearing September 8.
2015-09-08 From committee: That the Assembly amendments be concurred in. (Ayes 7. Noes 0.) committee-passage
2015-09-10 Assembly amendments concurred in. (Ayes 39. Noes 0. Page 2659.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2015-09-11 Enrolled and presented to the Governor at 10:45 p.m.
2015-10-10 Approved by the Governor. executive-signature
2015-10-10 Chaptered by Secretary of State. Chapter 761, Statutes of 2015.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/34d90353-ff53-4bb5-aa04-6e1a0a3905c8. Confidence: reported (aggregated from official California legislature records).