Existing law, the Student Loan Servicing Act, provides for the licensure, regulation, and oversight of student loan servicers by the Commissioner of Financial Protection and Innovation, who is the head of the Department of Financial Protection and Innovation. The act prohibits a person from engaging in the business of servicing a student loan in this state without a license, unless the person falls within certain exceptions.
California AB 424 (20212022) — Private Student Loan Collections Reform Act: collection actions.
Existing law, the Student Loan Servicing Act, provides for the licensure, regulation, and oversight of student loan servicers by the Commissioner of Financial Protection and Innovation, who is the head of the Department of Financial Protection and Innovation. The act prohibits a person from engaging in the business of servicing a student loan in this state without a license, unless the person falls within certain exceptions.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
2021-04-19 From committee: Do pass and re-refer to Com. on JUD. (Ayes 9. Noes 3.) (April 15). Re-referred to Com. on JUD. committee-passage, committee-passage-favorable, referral-committee
2021-04-20 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 2.) (April 20). amendment-introduction, amendment-passage, committee-passage, referral-committee
2021-04-21 Read second time and amended. amendment-passage, reading-1, reading-2
2021-04-22 Re-referred to Com. on APPR. referral-committee
2021-05-05 In committee: Set, first hearing. Referred to APPR. suspense file. referral-committee
2021-05-20 From committee: Do pass. (Ayes 12. Noes 4.) (May 20). committee-passage, committee-passage-favorable
2021-05-24 Read second time. Ordered to third reading. reading-1, reading-2
2021-05-27 Read third time. Passed. Ordered to the Senate. (Ayes 56. Noes 20. Page 1629.) passage, reading-1, reading-3
2021-05-28 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2021-06-09 Referred to Coms. on B. & F.I., JUD. and APPR. referral-committee
2021-06-14 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. amendment-introduction, amendment-passage, reading-1, reading-2, referral-committee
2021-06-23 From committee: Do pass and re-refer to Com. on JUD. (Ayes 7. Noes 2.) (June 23). Re-referred to Com. on JUD. committee-passage, committee-passage-favorable, referral-committee
2021-06-25 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. amendment-introduction, amendment-passage, reading-1, reading-2, referral-committee
2021-07-07 From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 2.) (July 6). amendment-introduction, amendment-passage, committee-passage, referral-committee
2021-07-08 Read second time and amended. Re-referred to Com. on APPR. amendment-passage, reading-1, reading-2, referral-committee
2021-08-16 In committee: Referred to suspense file. referral-committee
2021-08-26 From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 26). amendment-introduction, amendment-passage, committee-passage
2021-08-26 Read second time and amended. Ordered returned to second reading. amendment-passage, reading-1, reading-2
2021-08-30 Read second time. Ordered to third reading. reading-1, reading-2
2021-09-01 Read third time. Passed. Ordered to the Assembly. (Ayes 31. Noes 8. Page 2297.). passage, reading-1, reading-3
2021-09-01 In Assembly. Concurrence in Senate amendments pending. May be considered on or after September 3 pursuant to Assembly Rule 77.