Pilot Program for Increased Access to Responsible Small Dollar Loans: extension.
(1) Existing law, the California Finance Lenders Law, generally provides for the licensure and regulation of finance lenders and brokers by the Commissioner of Business Oversight and makes a willful violation of its provisions a crime. That law, until January 1, 2018, establishes the Pilot Program for Increased Access to Responsible Small Dollar Loans, which requires licensees and other entities to file an application and pay a specified fee to the commissioner to participate in the program. The program authorizes a licensee approved by the commissioner to participate in the program to impose specified alternative interest rates and charges, including an administrative fee and delinquency fees, on unsecured loans of at least $300 and less than $2,500, subject to certain requirements. The program requires the commissioner, on or before January 1, 2017, to post a report on his or her Internet Web site summarizing utilization of the program, a recommendation whether the pilot program should be continued after January 1, 2018, and the results of a random sample survey of borrowers.
us/states/ca
California Legislature
20152016
SB 984
California SB 984 (20152016)
bill
Pilot Program for Increased Access to Responsible Small Dollar Loans: extension.
California SB 984 (20152016) — Pilot Program for Increased Access to Responsible Small Dollar Loans: extension.
(1) Existing law, the California Finance Lenders Law, generally provides for the licensure and regulation of finance lenders and brokers by the Commissioner of Business Oversight and makes a willful violation of its provisions a crime. That law, until January 1, 2018, establishes the Pilot Program for Increased Access to Responsible Small Dollar Loans, which requires licensees and other entities to file an application and pay a specified fee to the commissioner to participate in the program. The program authorizes a licensee approved by the commissioner to participate in the program to impose specified alternative interest rates and charges, including an administrative fee and delinquency fees, on unsecured loans of at least $300 and less than $2,500, subject to certain requirements. The program requires the commissioner, on or before January 1, 2017, to post a report on his or her Internet Web site summarizing utilization of the program, a recommendation whether the pilot program should be continued after January 1, 2018, and the results of a random sample survey of borrowers.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass as amended and be re-referred to the Committee on [Appropriations] — 12–0 (pass) · lower
SB 984 Hueso Senate Third Reading By ALEJO — 77–0 (pass) · lower
3rd Reading — 39–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Judiciary] — 6–1 (pass) · upper
Do pass, but first be re-referred to the Committee on [Appropriations] — 7–0 (pass) · upper
Placed on suspense file — 7–0 (pass) · upper
Sponsors
Hueso — primary (person)
Alejo — principal coauthor (person)
Bonilla — coauthor (person)
Bonta — coauthor (person)
Brown — coauthor (person)
Hill — coauthor (person)
Leno — coauthor (person)
Low — coauthor (person)
Mitchell — coauthor (person)
Mullin — coauthor (person)
Ting — coauthor (person)
Williams — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2016-02-10 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2016-02-11 From printer. May be acted upon on or after March 12.
2016-02-18 Referred to Coms. on B. & F.I. and JUD. referral-committee
2016-03-04 Set for hearing April 6.
2016-04-06 From committee: Do pass and re-refer to Com. on JUD. (Ayes 6. Noes 1. Page 3417.) (April 6). Re-referred to Com. on JUD. referral-committee, committee-passage-favorable, committee-passage
2016-04-08 Set for hearing April 19.
2016-04-20 From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3610.) (April 19). Re-referred to Com. on APPR. referral-committee, committee-passage-favorable, committee-passage
2016-04-22 Set for hearing May 2.
2016-05-02 May 2 hearing: Placed on APPR. suspense file.
2016-05-20 Set for hearing May 27.
2016-05-27 From committee: Do pass as amended. (Ayes 7. Noes 0. Page 4001.) (May 27). committee-passage-favorable, committee-passage, amendment-passage
2016-05-31 Read second time and amended. Ordered to third reading. amendment-passage, reading-2, reading-1
2016-06-01 Read third time. Passed. (Ayes 39. Noes 0. Page 4096.) Ordered to the Assembly. reading-3, passage, reading-1
2016-06-02 In Assembly. Read first time. Held at Desk. reading-1
2016-06-09 Referred to Com. on B. & F. referral-committee
2016-06-29 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (June 27). committee-passage-favorable, committee-passage, amendment-passage
2016-06-30 Read second time and amended. Re-referred to Com. on APPR. referral-committee, reading-2, amendment-passage, reading-1
2016-08-03 August 3 set for first hearing. Placed on APPR. suspense file.
2016-08-12 From committee: Do pass as amended. (Ayes 20. Noes 0.) (August 11). committee-passage-favorable, committee-passage, amendment-passage
2016-08-15 Read second time and amended. Ordered to second reading. amendment-passage, reading-2, reading-1
2016-08-16 Read second time. Ordered to third reading. reading-2, reading-1
2016-08-18 Read third time. Passed. (Ayes 77. Noes 0. Page 5919.) Ordered to the Senate. reading-3, passage, reading-1
2016-08-19 In Senate. Concurrence in Assembly amendments pending.
2016-08-23 Ordered to special consent calendar.
2016-08-25 Assembly amendments concurred in. (Ayes 39. Noes 0. Page 5429.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2016-08-30 Enrolled and presented to the Governor at 1:30 p.m.
2016-09-22 Approved by the Governor. executive-signature
2016-09-22 Chaptered by Secretary of State. Chapter 480, Statutes of 2016.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/9068b7fa-68a6-4345-b8cd-4d65b4a5207c. Confidence: reported (aggregated from official California legislature records).