California Financing Law: enforcement and penalties.
(1) Existing law, the California Financing Law (CFL) , generally provides for the licensure and regulation of finance lenders, brokers, and program administrators by the Commissioner of Business Oversight. The CFL authorizes the commissioner to require the attendance of witnesses and examine under oath, punishable under penalty of perjury, all persons whose testimony is required relative to the loans, assessment contracts, or businesses regulated under the CFL.
us/states/ca
California Legislature
20192020
AB 2559
California AB 2559 (20192020)
bill
California Financing Law: enforcement and penalties.
California AB 2559 (20192020) — California Financing Law: enforcement and penalties.
(1) Existing law, the California Financing Law (CFL) , generally provides for the licensure and regulation of finance lenders, brokers, and program administrators by the Commissioner of Business Oversight. The CFL authorizes the commissioner to require the attendance of witnesses and examine under oath, punishable under penalty of perjury, all persons whose testimony is required relative to the loans, assessment contracts, or businesses regulated under the CFL.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass. To Consent Calendar. — 18–0 (pass) · lower
Do pass and be re-referred to the Committee on [Appropriations] — 10–0 (pass) · lower
AB 2559 Bauer-Kahan Consent Calendar Second Day — 76–0 (pass) · lower
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 7–0 (pass) · upper
Consent Calendar AB2559 — 39–0 (pass) · upper
AB 2559 Bauer-Kahan Concurrence in Senate Amendments — 75–0 (pass) · lower
Sponsors
Bauer-Kahan — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2020-02-19 Read first time. To print. reading-1
2020-02-20 From printer. May be heard in committee March 21.
2020-03-12 Referred to Coms. on B. & F. and JUD. referral-committee
2020-05-20 From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0.) (May 19). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2020-06-02 From committee: Do pass. To Consent Calendar. (Ayes 18. Noes 0.) (June 2). committee-passage-favorable, committee-passage
2020-06-03 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2020-06-08 Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4728.) passage, reading-3, reading-1
2020-06-09 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2020-06-23 Referred to Com. on B. & F.I. referral-committee
2020-07-08 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction
2020-07-09 In committee: Hearing postponed by committee.
2020-07-30 In committee: Hearing postponed by committee.
2020-08-04 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction
2020-08-13 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (August 13). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2020-08-17 From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. committee-passage, reading-2
2020-08-18 Read second time. Ordered to Consent Calendar. reading-1, reading-2
2020-08-28 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 4379.). passage, reading-3, reading-1
2020-08-28 In Assembly. Concurrence in Senate amendments pending.
2020-08-30 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 5327.). amendment-passage, committee-passage-favorable
2020-09-11 Enrolled and presented to the Governor at 3 p.m.
2020-09-25 Approved by the Governor. executive-signature
2020-09-25 Chaptered by Secretary of State - Chapter 160, Statutes of 2020.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/af1eb9ca-d979-4414-bb45-dfd85fc05938. Confidence: reported (aggregated from official California legislature records).