Real property liens: equity lines of credit: suspend and close.
Existing law requires a creditor to make certain disclosures to a consumer applying for a home equity loan, as defined. Under existing law, upon receipt of a specified written request from a borrower, the lender must suspend the borrower's equity line of credit for a minimum of 30 days. Upon receipt of both that request and a specified payment, existing law requires a lender to close the borrower's equity line of credit and release or reconvey the property secured by the line of credit, as specified. Existing law provides for the repeal of these equity line of credit suspension and closure provisions on July 1, 2019.
us/states/ca
California Legislature
20172018
SB 1139
California SB 1139 (20172018)
bill
Real property liens: equity lines of credit: suspend and close.
California SB 1139 (20172018) — Real property liens: equity lines of credit: suspend and close.
Existing law requires a creditor to make certain disclosures to a consumer applying for a home equity loan, as defined. Under existing law, upon receipt of a specified written request from a borrower, the lender must suspend the borrower's equity line of credit for a minimum of 30 days. Upon receipt of both that request and a specified payment, existing law requires a lender to close the borrower's equity line of credit and release or reconvey the property secured by the line of credit, as specified. Existing law provides for the repeal of these equity line of credit suspension and closure provisions on July 1, 2019.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 11–0 (pass) · lower
SB 1139 Morrell Consent Calendar Second Day — 75–0 (pass) · lower
Do pass and be ordered to the Consent Calendar — 7–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Judiciary] with the recommendation: To Consent Calendar — 7–0 (pass) · upper
Consent Calendar — 38–0 (pass) · upper
Sponsors
Morrell — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2018-02-13 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2018-02-14 From printer. May be acted upon on or after March 16.
2018-02-22 Referred to Coms. on I., B. & F.I. and JUD. referral-committee
2018-03-15 Withdrawn from committee.
2018-03-15 Re-referred to Com. on RLS. referral-committee
2018-03-15 Re-referred to Coms. on B. & F.I. and JUD. referral-committee
2018-03-16 Set for hearing April 4.
2018-04-04 From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 4532.) (April 4). Re-referred to Com. on JUD. committee-passage-favorable, committee-passage, referral-committee
2018-04-19 Set for hearing May 1.
2018-05-02 From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 4915.) (May 1). committee-passage-favorable, committee-passage
2018-05-03 Read second time. Ordered to consent calendar. reading-2, reading-1
2018-05-10 Read third time. Passed. (Ayes 38. Noes 0. Page 5011.) Ordered to the Assembly. reading-3, passage, reading-1
2018-05-10 In Assembly. Read first time. Held at Desk. reading-1
2018-05-25 Referred to Com. on B. & F. referral-committee
2018-06-19 From committee: Do pass. Ordered to consent calendar. (Ayes 11. Noes 0.) (June 18). committee-passage-favorable, committee-passage
2018-06-20 Read second time. Ordered to consent calendar. reading-2, reading-1
2018-06-25 Read third time. Passed. (Ayes 75. Noes 0. Page 5978.) Ordered to the Senate. reading-3, passage, reading-1
2018-06-25 In Senate. Ordered to engrossing and enrolling.
2018-06-29 Enrolled and presented to the Governor at 4 p.m.
2018-07-09 Approved by the Governor. executive-signature
2018-07-09 Chaptered by Secretary of State. Chapter 90, Statutes of 2018.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/9fab018f-9e90-4a25-9556-20171a901ce5. Confidence: reported (aggregated from official California legislature records).