republic-os/legislation/us/states/ca/20172018/sb-764.md

---
type: "Bill"
title: "Real estate trust fund accounts: fidelity insurance."
description: "Existing law, the Real Estate Law, provides for the licensure and regulation of real estate brokers by the Real Estate Commissioner. Existing law requires a real estate broker who accepts funds belonging to others in connection with a transaction to deposit all those funds in either a neutral escrow depository, into the hands of the broker's principal, or into a trust fund account, as specified."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20172018"
identifier: "SB 764"
citation: "California SB 764 (20172018)"
classification: ["bill"]
subjects: ["Real estate trust fund accounts: fidelity insurance."]
status: "enacted"
primary_sponsors: ["Moorlach"]
version_count: 5
action_count: 26
vote_count: 5
first_action: "2017-02-17"
last_action: "2017-09-11"
source: "openstates"
source_identifier: "ocd-bill/8b0946d3-5597-429f-8649-97b8b1d7602c"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB764"
source_hash: "55b5bf485207967fcfb6d0300fad7ba4e67cfdb0b2e0d79e0f6d3b58cc979e25"
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 764 (20172018) — Real estate trust fund accounts: fidelity insurance.

Existing law, the Real Estate Law, provides for the licensure and regulation of real estate brokers by the Real Estate Commissioner. Existing law requires a real estate broker who accepts funds belonging to others in connection with a transaction to deposit all those funds in either a neutral escrow depository, into the hands of the broker's principal, or into a trust fund account, as specified.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **02/17/17 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB764&version=20170SB76499INT)
2. **04/24/17 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB764&version=20170SB76498AMD)
3. **09/11/17 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB764&version=20170SB76496CHP)
4. **SB764** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201720180SB764)
5. **08/25/17 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201720180SB764&version=20170SB76497ENR)

## Votes

- SB 764 Moorlach Consent Calendar Second Day — **76–0** (pass) · lower
- 3rd Reading — **39–0** (pass) · upper
- Do pass as amended, but first amend, and re-refer to the Committee on [Business, Professions and Economic Development] — **7–0** (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] — **15–0** (pass) · lower
- Do pass. To Consent Calendar. — **16–0** (pass) · lower

## Sponsors

- Moorlach — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-02-17** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
- **2017-02-21** From printer. May be acted upon on or after March 23.
- **2017-03-09** Referred to Coms. on B. & F.I. and B., P. & E.D. `referral-committee`
- **2017-03-10** Set for hearing April 5.
- **2017-03-30** April 5 set for first hearing canceled at the request of author.
- **2017-03-31** Set for hearing April 19.
- **2017-04-20** From committee: Do pass as amended and re-refer to Com. on B., P. & E.D. (Ayes 7. Noes 0. Page 781.) (April 19). `committee-passage-favorable, committee-passage, amendment-passage`
- **2017-04-24** Read second time and amended. Re-referred to Com. on B., P. & E.D. `amendment-passage, reading-2, referral-committee, reading-1`
- **2017-04-25** Withdrawn from committee.
- **2017-04-25** Re-referred to Com. on APPR. `referral-committee`
- **2017-05-01** Set for hearing May 8.
- **2017-05-03** May 8 hearing postponed by committee.
- **2017-05-04** Set for hearing May 15.
- **2017-05-08** From committee: Be ordered to second reading pursuant to Senate Rule 28.8. `committee-passage, reading-2`
- **2017-05-09** Read second time. Ordered to third reading. `reading-2, reading-1`
- **2017-05-15** Read third time. Passed. (Ayes 39. Noes 0. Page 1069.) Ordered to the Assembly. `reading-3, passage, reading-1`
- **2017-05-16** In Assembly. Read first time. Held at Desk. `reading-1`
- **2017-06-05** Referred to Com. on B. & P. `referral-committee`
- **2017-06-27** From committee: Do pass and re-refer to Com. on APPR. (Ayes 15. Noes 0.) (June 27). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
- **2017-07-19** From committee: Do pass. Ordered to consent calendar. (Ayes 16. Noes 0.) (July 19). `committee-passage-favorable, committee-passage`
- **2017-07-20** Read second time. Ordered to consent calendar. `reading-2, reading-1`
- **2017-08-24** Read third time. Passed. (Ayes 76. Noes 0. Page 2770.) Ordered to the Senate. `reading-3, passage, reading-1`
- **2017-08-24** In Senate. Ordered to engrossing and enrolling.
- **2017-08-30** Enrolled and presented to the Governor at 3 p.m.
- **2017-09-11** Approved by the Governor. `executive-signature`
- **2017-09-11** Chaptered by Secretary of State. Chapter 248, Statutes of 2017.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8b0946d3-5597-429f-8649-97b8b1d7602c`. Confidence: reported (aggregated from official California legislature records).