Existing law requires a supervised financial organization that negotiates primarily in Spanish, Chinese, Tagalog, Vietnamese, or Korean, whether orally or in writing, in the course of entering into a contract or agreement for a loan or extension of credit secured by residential real property, to deliver to the other party to that contract or agreement before execution of the contract or agreement, a specific form, created by the Department of Business Oversight, in each of these languages for use by a supervised financial organization to summarize the terms of a mortgage loan. Existing law authorizes the department, in creating the form, to use a specific federal disclosure form from the United States Department of Housing and Urban Development as guidance.
Existing law requires a supervised financial organization that negotiates primarily in Spanish, Chinese, Tagalog, Vietnamese, or Korean, whether orally or in writing, in the course of entering into a contract or agreement for a loan or extension of credit secured by residential real property, to deliver to the other party to that contract or agreement before execution of the contract or agreement, a specific form, created by the Department of Business Oversight, in each of these languages for use by a supervised financial organization to summarize the terms of a mortgage loan. Existing law authorizes the department, in creating the form, to use a specific federal disclosure form from the United States Department of Housing and Urban Development as guidance.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass and be re-referred to the Committee on [Appropriations] — 10–0 (pass) · lower
3rd Reading — 39–0 (pass) · upper
Do pass and be re-referred to the Committee on [Privacy and Consumer Protection] with recommendation: To Consent Calendar — 11–0 (pass) · lower
SB 1201 Jackson Consent Calendar Second Day — 76–0 (pass) · lower
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] — 7–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Judiciary] — 7–0 (pass) · upper
Do pass. To Consent Calendar. — 17–0 (pass) · lower
Sponsors
Jackson — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2018-02-15 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2018-02-16 From printer. May be acted upon on or after March 18.
2018-03-01 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.
2018-03-22 April 4 set for first hearing canceled at the request of author.
2018-03-23 Set for hearing April 18.
2018-04-09 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I. reading-2, referral-committee, amendment-passage, committee-passage, reading-1
2018-04-19 From committee: Do pass and re-refer to Com. on JUD. (Ayes 7. Noes 0. Page 4745.) (April 18). Re-referred to Com. on JUD. committee-passage-favorable, committee-passage, referral-committee
2018-04-20 Set for hearing April 24.
2018-04-26 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 4815.) (April 24). committee-passage-favorable, committee-passage, amendment-passage
2018-04-30 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-2, referral-committee, reading-1
2018-05-04 Set for hearing May 14.
2018-05-14 From committee: Be ordered to second reading pursuant to Senate Rule 28.8. committee-passage, reading-2
2018-05-15 Read second time. Ordered to third reading. reading-2, reading-1
2018-05-21 Read third time. Passed. (Ayes 39. Noes 0. Page 4219.) Ordered to the Assembly. reading-3, passage, reading-1
2018-05-21 In Assembly. Read first time. Held at Desk. reading-1
2018-05-31 Referred to Coms. on B. & F. and P. & C.P. referral-committee
2018-06-19 From committee: Do pass and re-refer to Com. on P. & C.P. with recommendation: To consent calendar. (Ayes 11. Noes 0.) (June 18). Re-referred to Com. on P. & C.P. committee-passage-favorable, committee-passage, referral-committee
2018-06-27 From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (June 26). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2018-08-08 From committee: Do pass. Ordered to consent calendar. (Ayes 17. Noes 0.) (August 8). committee-passage-favorable, committee-passage
2018-08-09 Read second time. Ordered to consent calendar. reading-2, reading-1
2018-08-16 Read third time. Passed. (Ayes 76. Noes 0. Page 6312.) Ordered to the Senate. reading-3, passage, reading-1
2018-08-16 In Senate. Ordered to engrossing and enrolling.
2018-08-22 Enrolled and presented to the Governor at 3:30 p.m.
2018-09-11 Approved by the Governor. executive-signature
2018-09-11 Chaptered by Secretary of State. Chapter 356, Statutes of 2018.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/ada0b491-3d15-429b-bf6f-b9de1e46d304. Confidence: reported (aggregated from official California legislature records).