Fabio
7.8 KiB
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
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| Bill | Check Sellers, Bill Payers and Proraters Law: exemption: nonprofit community service organizations. | The Check Sellers, Bill Payers and Proraters Law (Proraters Law) prohibits, among other things, a person, without first obtaining a license from the Commissioner of Financial Protection and Innovation, from acting as a person who, for compensation, engages in whole or in part in the business of receiving money or evidences thereof for the purpose of distributing the money or evidences thereof among creditors in payment or partial payment of the obligations of the debtor. The Proraters Law exempts from the requirements of the law imposed on proraters a nonprofit community service organization that meets certain criteria, including that the nonprofit community service organization has as its principal functions consumer credit education, counseling on consumer credit problems and family budgets, arranging or administering debt management plans, and arranging or administering debt settlement plans. The Proraters Law also provides as a criteria for exemption that the nonprofit community service organization receives from a debtor no more than certain amounts to offset the organization's actual and necessary expenses for those services, including a one-time sum not to exceed $50 for education and counseling combined in connection with debt management or debt settlement services and, for debt management plans, a sum not to exceed 8% of the money disbursed monthly or $35 per month, whichever is less. The Proraters Law provides as a criteria for exemption that the nonprofit community service organization maintains at all times a surety bond in the amount of $25,000 issued by an insurer licensed in this state. | us/states/ca | California Legislature | 20232024 | SB 985 | California SB 985 (20232024) |
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4 | 20 | 5 | 2024-01-29 | 2024-08-19 | openstates | ocd-bill/47a8f74e-1b15-4115-99bc-e9ef4aeb9368 | http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB985 | d8a47badf28aa8ad6c82169a43585ba8a9ae4ea7b68410cd9904a4950ead1353 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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California SB 985 (20232024) — Check Sellers, Bill Payers and Proraters Law: exemption: nonprofit community service organizations.
The Check Sellers, Bill Payers and Proraters Law (Proraters Law) prohibits, among other things, a person, without first obtaining a license from the Commissioner of Financial Protection and Innovation, from acting as a person who, for compensation, engages in whole or in part in the business of receiving money or evidences thereof for the purpose of distributing the money or evidences thereof among creditors in payment or partial payment of the obligations of the debtor. The Proraters Law exempts from the requirements of the law imposed on proraters a nonprofit community service organization that meets certain criteria, including that the nonprofit community service organization has as its principal functions consumer credit education, counseling on consumer credit problems and family budgets, arranging or administering debt management plans, and arranging or administering debt settlement plans. The Proraters Law also provides as a criteria for exemption that the nonprofit community service organization receives from a debtor no more than certain amounts to offset the organization's actual and necessary expenses for those services, including a one-time sum not to exceed $50 for education and counseling combined in connection with debt management or debt settlement services and, for debt management plans, a sum not to exceed 8% of the money disbursed monthly or $35 per month, whichever is less. The Proraters Law provides as a criteria for exemption that the nonprofit community service organization maintains at all times a surety bond in the amount of $25,000 issued by an insurer licensed in this state.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- 01/29/24 - Introduced (filed) — source
- 08/19/24 - Chaptered (committee substitute) — source
- SB985 (committee substitute) — source
- 08/09/24 - Enrolled (enrolled) — source
Votes
- Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 7–0 (pass) · upper
- Consent Calendar 2nd SB985 Ochoa Bogh — 39–0 (pass) · upper
- Do pass and be re-referred to the Committee on [Appropriations] — 8–0 (pass) · lower
- SB 985 Ochoa Bogh Consent Calendar Second Day — 72–0 (pass) · lower
- Do pass. To Consent Calendar. — 15–0 (pass) · lower
Sponsors
- Ochoa Bogh — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2024-01-29 Introduced. Read first time. To Com. on RLS. for assignment. To print.
introduction, reading-1 - 2024-01-30 From printer. May be acted upon on or after February 29.
- 2024-02-14 Referred to Com. on B. & F.I.
referral-committee - 2024-03-20 Set for hearing April 3.
- 2024-04-04 From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 3465.) (April 3). Re-referred to Com. on APPR.
committee-passage, committee-passage-favorable, referral-committee - 2024-04-05 Set for hearing April 15.
- 2024-04-15 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar.
committee-passage, reading-2 - 2024-04-16 Read second time. Ordered to consent calendar.
reading-1, reading-2 - 2024-04-18 Read third time. Passed. (Ayes 39. Noes 0. Page 3672.) Ordered to the Assembly.
passage, reading-1, reading-3 - 2024-04-18 In Assembly. Read first time. Held at Desk.
reading-1 - 2024-04-29 Referred to Com. on B. & F.
referral-committee - 2024-06-18 From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 17). Re-referred to Com. on APPR.
committee-passage, committee-passage-favorable, referral-committee - 2024-06-26 June 26 hearing postponed by committee.
- 2024-07-02 From committee: Do pass. Ordered to consent calendar. (Ayes 15. Noes 0.) (July 2).
committee-passage, committee-passage-favorable - 2024-07-03 Read second time. Ordered to consent calendar.
reading-1, reading-2 - 2024-08-08 Read third time. Passed. (Ayes 72. Noes 0. Page 6249.) Ordered to the Senate.
passage, reading-1, reading-3 - 2024-08-08 In Senate. Ordered to engrossing and enrolling.
- 2024-08-13 Enrolled and presented to the Governor at 2 p.m.
- 2024-08-19 Approved by the Governor.
executive-signature - 2024-08-19 Chaptered by Secretary of State. Chapter 178, Statutes of 2024.
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/47a8f74e-1b15-4115-99bc-e9ef4aeb9368. Confidence: reported (aggregated from official California legislature records).