(1) Existing federal law, the Military Lending Act, prohibits a creditor who extends consumer credit to a covered member of the Armed Forces or a dependent of such a member from requiring that member or dependent to pay interest with respect to the extension of such credit, unless an exception to that rule applies. The federal act also requires a creditor to satisfy other terms and conditions before extending consumer credit to a covered member, and to comply with mandatory disclosure requirements, as specified. Any person who violates the federal act is subject to both criminal and civil penalties.
California SB 266 (20172018) — Armed service members: consumer loans.
(1) Existing federal law, the Military Lending Act, prohibits a creditor who extends consumer credit to a covered member of the Armed Forces or a dependent of such a member from requiring that member or dependent to pay interest with respect to the extension of such credit, unless an exception to that rule applies. The federal act also requires a creditor to satisfy other terms and conditions before extending consumer credit to a covered member, and to comply with mandatory disclosure requirements, as specified. Any person who violates the federal act is subject to both criminal and civil penalties.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Unfinished Business SB266 Dodd Concurrence — 38–0 (pass) · upper
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 7–0 (pass) · lower
Do pass, but first be re-referred to the Committee on [Appropriations] — 7–0 (pass) · upper
SB 266 Dodd Senate Third Reading By IRWIN — 79–0 (pass) · lower
Do pass. To Consent Calendar. — 15–0 (pass) · lower
Sponsors
Dodd — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2017-02-08 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2017-02-09 From printer. May be acted upon on or after March 11.
2017-02-16 Referred to Com. on B. & F.I. referral-committee
2017-02-17 Set for hearing April 5.
2017-04-05 From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 619.) (April 5). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2017-04-07 Set for hearing April 17.
2017-04-17 From committee: Be ordered to second reading pursuant to Senate Rule 28.8. committee-passage, reading-2
2017-04-18 Read second time. Ordered to third reading. reading-2, reading-1
2017-04-20 Read third time. Passed. (Ayes 40. Noes 0. Page 766.) Ordered to the Assembly. reading-3, passage, reading-1
2017-04-20 In Assembly. Read first time. Held at Desk. reading-1
2017-05-18 Referred to Com. on B. & F. referral-committee
2017-05-31 June 5 hearing postponed by committee.
2017-06-15 June 19 hearing postponed by committee.
2017-06-26 June 26 hearing postponed by committee.
2017-07-05 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
2017-07-11 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0.) (July 10). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2017-08-23 From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (August 23). committee-passage-favorable, committee-passage
2017-08-24 Read second time. Ordered to consent calendar. reading-2, reading-1
2017-08-28 From consent calendar on motion of Assembly Member Calderon.
2017-08-28 Ordered to third reading.
2017-09-07 Read third time and amended. amendment-passage, reading-3, reading-1
2017-09-07 Ordered to third reading.
2017-09-14 Read third time. Passed. (Ayes 79. Noes 0. Page 3403.) Ordered to the Senate. reading-3, passage, reading-1
2017-09-15 In Senate. Concurrence in Assembly amendments pending.
2017-09-15 Assembly amendments concurred in. (Ayes 38. Noes 0. Page 2994.) Ordered to engrossing and enrolling. committee-passage-favorable, amendment-passage
2017-09-22 Enrolled and presented to the Governor at 3 p.m.
2017-10-05 Approved by the Governor. executive-signature
2017-10-05 Chaptered by Secretary of State. Chapter 514, Statutes of 2017.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/3b054490-1caf-4eff-848a-0f90365d4baf. Confidence: reported (aggregated from official California legislature records).