republic-os/legislation/us/states/ca/20192020/ab-376.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Student loan servicing.	Existing law, the Student Loan Servicing Act, prohibits a person from engaging in the business of servicing a student loan in California without first obtaining a license. Existing law commits the administration of these provisions to the Commissioner of Business Oversight and grants the commissioner various powers in this regard, including the authority to conduct investigations of applicants and licensees. The act requires an applicant for a license to submit audited financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least $250,000 and requires a licensee to maintain a minimum net worth of $250,000.	us/states/ca	California Legislature	20192020	AB 376	California AB 376 (20192020)	bill	Student loan servicing.	enacted	Mark Stone	9	28	9	2019-02-05	2020-09-25	openstates	ocd-bill/13660517-bac5-47c1-bb9c-77bbfa8a83d5	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB376	a3c2ebe62baf5d915d99a82dae0bda89ffe0654ed4ad34e7c8200d002880785d	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California AB 376 (20192020) — Student loan servicing.

Existing law, the Student Loan Servicing Act, prohibits a person from engaging in the business of servicing a student loan in California without first obtaining a license. Existing law commits the administration of these provisions to the Commissioner of Business Oversight and grants the commissioner various powers in this regard, including the authority to conduct investigations of applicants and licensees. The act requires an applicant for a license to submit audited financial statements prepared in accordance with generally accepted accounting principles and acceptable to the commissioner that indicate a net worth of at least $250,000 and requires a licensee to maintain a minimum net worth of $250,000.

Version chain

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

1. 02/05/19 - Introduced (filed) — source
2. 03/25/19 - Amended Assembly (committee substitute) — source
3. 05/16/19 - Amended Assembly (committee substitute) — source
4. 06/20/19 - Amended Senate (committee substitute) — source
5. 08/06/20 - Amended Senate (committee substitute) — source
6. 08/20/20 - Amended Senate (committee substitute) — source
7. 09/25/20 - Chaptered (committee substitute) — source
8. AB376 (committee substitute) — source
9. 09/01/20 - Enrolled (enrolled) — source

Votes

• Do pass as amended — 5–2 (pass) · upper
• Placed on suspense file — 7–0 (pass) · upper
• Do pass as amended. — 13–4 (pass) · lower
• 3rd Reading AB376 Mark Stone et al. By Mitchell — 29–9 (pass) · upper
• Do pass, but first be re-referred to the Committee on [Appropriations] — 7–1 (pass) · upper
• Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] — 4–1 (pass) · upper
• Do pass and be re-referred to the Committee on [Appropriations] — 9–0 (pass) · lower
• AB 376 Mark Stone Assembly Third Reading — 59–15 (pass) · lower
• AB 376 Mark Stone Concurrence in Senate Amendments — 57–15 (pass) · lower

Sponsors

• Mark Stone — primary (person)
• Bauer-Kahan — coauthor (person)
• Carrillo — coauthor (person)
• Cervantes — coauthor (person)
• Hertzberg — coauthor (person)
• Limón — principal coauthor (person)
• Mitchell — coauthor (person)
• Petrie-Norris — coauthor (person)
• Robert Rivas — coauthor (person)
• Wicks — coauthor (person)
• Wieckowski — coauthor (person)
• Wiener — coauthor (person)

Timeline

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

• 2019-02-05 Read first time. To print. reading-1
• 2019-02-06 From printer. May be heard in committee March 8.
• 2019-03-25 Referred to Com. on B. & F. referral-committee
• 2019-03-25 From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended. reading-1, reading-2, amendment-passage, amendment-introduction
• 2019-03-26 Re-referred to Com. on B. & F. referral-committee
• 2019-04-23 From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 22). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
• 2019-05-01 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
• 2019-05-16 From committee: Amend, and do pass as amended. (Ayes 13. Noes 4.) (May 16). amendment-passage, committee-passage, amendment-introduction
• 2019-05-16 Read second time and amended. Ordered returned to second reading. amendment-passage, reading-1, reading-2
• 2019-05-20 Read second time. Ordered to third reading. reading-1, reading-2
• 2019-05-28 Read third time. Passed. Ordered to the Senate. (Ayes 59. Noes 15. Page 2032.) passage, reading-3, reading-1
• 2019-05-29 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
• 2019-06-06 Referred to Coms. on B. & F.I. and JUD. referral-committee
• 2019-06-19 From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 4. Noes 1.) (June 19). amendment-passage, committee-passage, amendment-introduction
• 2019-06-20 Read second time and amended. Re-referred to Com. on JUD. reading-1, reading-2, amendment-passage, referral-committee
• 2019-07-10 From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 1.) (July 9). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
• 2019-08-12 In committee: Referred to APPR. suspense file. referral-committee
• 2019-08-30 In committee: Held under submission.
• 2020-08-06 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction
• 2020-08-20 From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 20). amendment-passage, committee-passage, amendment-introduction
• 2020-08-20 Read second time and amended. Ordered returned to second reading. amendment-passage, reading-1, reading-2
• 2020-08-24 Read second time. Ordered to third reading. reading-1, reading-2
• 2020-08-28 Read third time. Passed. Ordered to the Assembly. (Ayes 29. Noes 9. Page 4404.). 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 57. Noes 15. Page 5351.). amendment-passage, committee-passage-favorable
• 2020-09-08 Enrolled and presented to the Governor at 4:30 p.m.
• 2020-09-25 Approved by the Governor. executive-signature
• 2020-09-25 Chaptered by Secretary of State - Chapter 154, Statutes of 2020.

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/13660517-bac5-47c1-bb9c-77bbfa8a83d5. Confidence: reported (aggregated from official California legislature records).