Fabio
7.5 KiB
7.5 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||||
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| Bill | Real estate investments: securities: qualification exemption. | (1) Existing law, the Real Estate Law, requires any transaction that involves the sale of, or an offer to sell, a note secured directly by an interest in one or more parcels of real property, or the sale of an undivided interest in a note secured directly by one or more parcels of real property, to comply with specified requirements. Existing law limits, to the allowable percentage of the current market value of a property, as specified, the aggregate principal amount of the note or interest sold. Existing law requires a broker to make reasonable efforts to ensure the offer or sale of notes or interest in notes to be secured by a lien on real property or a business opportunity, meets certain criteria, including, among others, that the investment in the notes is suitable and appropriate for the purchaser. To meet this requirement, a broker may obtain a completed investor questionnaire from each person to whom the broker offers or sells the notes and deeds of trust. | us/states/ca | California Legislature | 20152016 | SB 647 | California SB 647 (20152016) |
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6 | 26 | 7 | 2015-02-27 | 2015-09-03 | openstates | ocd-bill/1249b5df-b28f-47c1-a627-5874d64f324d | http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160SB647 | fd61cad1efe8464fa7d9a30f43ad4050304ea18e2d910c9ae1106531ea3bff32 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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California SB 647 (20152016) — Real estate investments: securities: qualification exemption.
(1) Existing law, the Real Estate Law, requires any transaction that involves the sale of, or an offer to sell, a note secured directly by an interest in one or more parcels of real property, or the sale of an undivided interest in a note secured directly by one or more parcels of real property, to comply with specified requirements. Existing law limits, to the allowable percentage of the current market value of a property, as specified, the aggregate principal amount of the note or interest sold. Existing law requires a broker to make reasonable efforts to ensure the offer or sale of notes or interest in notes to be secured by a lien on real property or a business opportunity, meets certain criteria, including, among others, that the investment in the notes is suitable and appropriate for the purchaser. To meet this requirement, a broker may obtain a completed investor questionnaire from each person to whom the broker offers or sells the notes and deeds of trust.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- 02/27/15 - Introduced (filed) — source
- 04/07/15 - Amended Senate (committee substitute) — source
- 06/25/15 - Amended Assembly (committee substitute) — source
- 09/03/15 - Chaptered (committee substitute) — source
- SB647 (committee substitute) — source
- 08/27/15 - Enrolled (enrolled) — source
Votes
- Do pass as amended and be re-referred to the Committee on [Appropriations] — 12–0 (pass) · lower
- 3rd Reading — 36–0 (pass) · upper
- SB 647 Morrell Consent Calendar Second Day — 79–0 (pass) · lower
- Do pass, but first be re-referred to the Committee on [Judiciary] — 7–0 (pass) · upper
- Do pass. To Consent Calendar. — 16–0 (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] — 6–0 (pass) · upper
- Special Consent #7 — 40–0 (pass) · upper
Sponsors
- Morrell — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2015-02-27 Introduced. To Com. on RLS. for assignment. To print.
introduction - 2015-03-02 From printer. May be acted upon on or after April 1.
- 2015-03-02 Read first time.
reading-1 - 2015-03-12 Referred to Coms. on B. & F.I. and JUD.
referral-committee - 2015-03-13 Set for hearing April 15.
- 2015-04-07 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 - 2015-04-15 From committee: Do pass and re-refer to Com. on JUD. (Ayes 7. Noes 0. Page 617.) (April 15). Re-referred to Com. on JUD.
referral-committee, committee-passage-favorable, committee-passage - 2015-04-21 Set for hearing April 28.
- 2015-04-29 From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 819.) (April 28). 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 1022.) Ordered to the Assembly.
reading-3, passage, reading-1 - 2015-05-18 In Assembly. Read first time. Held at Desk.
reading-1 - 2015-06-01 Referred to Com. on B. & F.
referral-committee - 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 - 2015-08-20 Read third time. Passed. (Ayes 79. Noes 0. Page 2534.) Ordered to the Senate.
reading-3, passage, reading-1 - 2015-08-20 In Senate. Concurrence in Assembly amendments pending.
- 2015-08-25 Ordered to special consent calendar.
- 2015-08-27 Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2206.) Ordered to engrossing and enrolling.
committee-passage-favorable, amendment-passage - 2015-08-28 Enrolled and presented to the Governor at 3:45 p.m.
- 2015-09-03 Approved by the Governor.
executive-signature - 2015-09-03 Chaptered by Secretary of State. Chapter 263, Statutes of 2015.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/1249b5df-b28f-47c1-a627-5874d64f324d. Confidence: reported (aggregated from official California legislature records).