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republic-os/legislation/us/states/ca/20172018/sb-1235.md
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Fabio 5a13be122b Legislation: batch E — CA TN VA VT WA WI WV WY 
Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 17:28:36 -04:00

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---
type: "Bill"
title: "Commercial financing: disclosures."
description: "(1) Existing law, the California Financing Law (CFL) , provides for the licensure and regulation of finance lenders and brokers and, beginning on January 1, 2019, program administrators, by the Commissioner of Business Oversight. The CFL prohibits anyone from engaging in the business of a finance lender or broker without obtaining a license. Existing law defines a finance lender as any person who is engaged in making consumer loans or commercial loans, as defined. The CFL prohibits a licensee from making a materially false or misleading statement to a borrower about the terms or conditions of a loan. The CFL authorizes the commissioner to bring an action to enjoin, as specified, against a person who, in the commissioner's estimation, has violated or is about to violate the CFL, and authorizes the imposition of civil penalties to that effect. A willful violation of the CFL is a crime, except as specified."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20172018"
identifier: "SB 1235"
citation: "California SB 1235 (20172018)"
classification: ["bill"]
subjects: ["Commercial financing: disclosures."]
status: "enacted"
primary_sponsors: ["Glazer"]
version_count: 12
action_count: 42
vote_count: 8
first_action: "2018-02-15"
last_action: "2018-09-30"
source: "openstates"
source_identifier: "ocd-bill/6b9703d3-d8e4-4d30-91a6-423e94d3ab6d"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB1235"
source_hash: "2e3a33b81c8859e04fcc06ef69743c2296de03b7e5a6d619b9fe84b6bd2869d3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---
# California SB 1235 (20172018) — Commercial financing: disclosures.
(1) Existing law, the California Financing Law (CFL) , provides for the licensure and regulation of finance lenders and brokers and, beginning on January 1, 2019, program administrators, by the Commissioner of Business Oversight. The CFL prohibits anyone from engaging in the business of a finance lender or broker without obtaining a license. Existing law defines a finance lender as any person who is engaged in making consumer loans or commercial loans, as defined. The CFL prohibits a licensee from making a materially false or misleading statement to a borrower about the terms or conditions of a loan. The CFL authorizes the commissioner to bring an action to enjoin, as specified, against a person who, in the commissioner's estimation, has violated or is about to violate the CFL, and authorizes the imposition of civil penalties to that effect. A willful violation of the CFL is a crime, except as specified.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **02/15/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123599INT)
2. **04/09/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123598AMD)
3. **04/25/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123597AMD)
4. **05/10/18 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123596AMD)
5. **06/13/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123595AMD)
6. **08/16/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123594AMD)
7. **08/21/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123593AMD)
8. **08/23/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123592AMD)
9. **08/24/18 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123591AMD)
10. **09/30/18 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123589CHP)
11. **SB1235** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB1235)
12. **09/07/18 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB1235&version=20170SB123590ENR)
## Votes
- Do pass as amended — **4–1** (pass) · upper
- Do pass. — **9–0** (pass) · lower
- Do pass. — **11–0** (pass) · lower
- SB 1235 Glazer Senate Third Reading By LIMÓN — **72–3** (pass) · lower
- Unfinished Business SB1235 Glazer Concurrence — **28–6** (pass) · upper
- That the Assembly amendments be concurred in — **3–2** (fail) · upper
- Do pass, but first be re-referred to the Committee on [Judiciary] — **4–1** (pass) · upper
- 3rd Reading — **21–11** (pass) · upper
## Sponsors
- Glazer — 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`
- **2018-03-21** 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 4. Noes 1. Page 4745.) (April 18). Re-referred to Com. on JUD. `committee-passage-favorable, committee-passage, referral-committee`
- **2018-04-25** Set for hearing May 8.
- **2018-04-25** From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD. `reading-2, referral-committee, amendment-passage, committee-passage, reading-1`
- **2018-05-09** From committee: Do pass as amended. (Ayes 4. Noes 1. Page 4997.) (May 8). `committee-passage-favorable, committee-passage, amendment-passage`
- **2018-05-10** Read second time and amended. Ordered to third reading. `reading-1, amendment-passage, reading-2`
- **2018-05-31** Read third time. Passed. (Ayes 21. Noes 11. Page 4460.) Ordered to the Assembly. `reading-3, passage, reading-1`
- **2018-05-31** In Assembly. Read first time. Held at Desk. `reading-1`
- **2018-06-07** Referred to Com. on B. & F. `referral-committee`
- **2018-06-13** From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. `reading-2, referral-committee, amendment-passage, committee-passage, reading-1`
- **2018-06-26** From committee: Do pass. (Ayes 9. Noes 0.) (June 25). `committee-passage-favorable, committee-passage`
- **2018-06-27** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2018-08-16** Read third time and amended. `amendment-passage, reading-3, reading-1`
- **2018-08-16** Ordered to third reading.
- **2018-08-16** Re-referred to Com. on APPR. pursuant to Assembly Rule 77.2. `referral-committee`
- **2018-08-21** From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR. `reading-2, referral-committee, amendment-passage, committee-passage, reading-1`
- **2018-08-23** From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR. `reading-2, referral-committee, amendment-passage, committee-passage, reading-1`
- **2018-08-24** Joint Rule 62(a) suspended.
- **2018-08-24** Assembly Rule 56 suspended.
- **2018-08-24** From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR. `reading-2, referral-committee, amendment-passage, committee-passage, reading-1`
- **2018-08-27** From committee: Do pass. (Ayes 11. Noes 0.) (August 27). `committee-passage-favorable, committee-passage`
- **2018-08-28** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2018-08-31** Read third time. Passed. Ordered to the Senate. `reading-3, passage, reading-1`
- **2018-08-31** In Senate. Concurrence in Assembly amendments pending.
- **2018-08-31** Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d). `referral-committee`
- **2018-08-31** From committee: Be re-referred to Com. on B. & F.I. pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 6145.) Re-referred to Com. on B. & F.I. `committee-passage, referral-committee`
- **2018-08-31** That the Assembly amendments be concurred in.
- **2018-08-31** (Ayes 3. Noes 2.) (August 31)
- **2018-08-31** Failed passage.
- **2018-08-31** Withdrawn from committee. (Ayes 26. Noes 12. Page 6184.)
- **2018-08-31** Ordered to unfinished business.
- **2018-08-31** Assembly amendments concurred in. (Ayes 28. Noes 6. Page 6193.) Ordered to engrossing and enrolling. `committee-passage-favorable, amendment-passage`
- **2018-09-12** Enrolled and presented to the Governor at 5 p.m.
- **2018-09-30** Approved by the Governor. `executive-signature`
- **2018-09-30** Chaptered by Secretary of State. Chapter 1011, Statutes of 2018.
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/6b9703d3-d8e4-4d30-91a6-423e94d3ab6d`. Confidence: reported (aggregated from official California legislature records).
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