Fabio
124 lines
8.8 KiB
Markdown
124 lines
8.8 KiB
Markdown
---
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type: "Bill"
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title: "California Financing Law: consumer loans: charges."
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description: "(1) The California Financing Law (CFL) provides for the licensure and regulation of finance lenders and brokers by the Commissioner of Business Oversight. The CFL prohibits anyone from engaging in the business of a finance lender or broker without obtaining a license. A willful violation of the CFL is a crime, except as specified. Under existing law, a licensee who lends any sum of money is authorized to contract for and receive charges at a maximum rate that does not exceed specified sums on the unpaid principal balance per month, ranging from 2 12 % to 1%, based on the consumer loan amount, as specified. This provision, however, does not apply to any loan of a bona fide principal amount of $2,500 or more, as determined in accordance with a provision governing regulatory ceilings and evasion of the CFL."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20192020"
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identifier: "AB 539"
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citation: "California AB 539 (20192020)"
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classification: ["bill"]
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subjects: ["California Financing Law: consumer loans: charges."]
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status: "enacted"
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primary_sponsors: ["Limón"]
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version_count: 8
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action_count: 27
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vote_count: 9
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first_action: "2019-02-13"
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last_action: "2019-10-10"
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source: "openstates"
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source_identifier: "ocd-bill/a6b52cfb-bbc9-46b3-9219-a607efc4e367"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB539"
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source_hash: "1ad17ed90a5847ddf15df186495d1447accc706d79f68c8fd19405fcd638f7bc"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 539 (20192020) — California Financing Law: consumer loans: charges.
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(1) The California Financing Law (CFL) provides for the licensure and regulation of finance lenders and brokers by the Commissioner of Business Oversight. The CFL prohibits anyone from engaging in the business of a finance lender or broker without obtaining a license. A willful violation of the CFL is a crime, except as specified. Under existing law, a licensee who lends any sum of money is authorized to contract for and receive charges at a maximum rate that does not exceed specified sums on the unpaid principal balance per month, ranging from 2 12 % to 1%, based on the consumer loan amount, as specified. This provision, however, does not apply to any loan of a bona fide principal amount of $2,500 or more, as determined in accordance with a provision governing regulatory ceilings and evasion of the CFL.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/13/19 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB539&version=20190AB53999INT)
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2. **03/26/19 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB539&version=20190AB53998AMD)
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3. **07/01/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB539&version=20190AB53997AMD)
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4. **08/20/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB539&version=20190AB53996AMD)
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5. **09/04/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB539&version=20190AB53995AMD)
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6. **10/10/19 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB539&version=20190AB53993CHP)
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7. **AB539** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB539)
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8. **09/18/19 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB539&version=20190AB53994ENR)
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## Votes
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- Do pass. — **13–5** (pass) · lower
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- AB 539 Limón Assembly Third Reading — **60–4** (pass) · lower
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- 3rd Reading AB539 Limón et al. By Mitchell — **30–5** (pass) · upper
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- AB 539 Limón Concurrence in Senate Amendments — **61–8** (pass) · lower
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- Do pass and be re-referred to the Committee on [Appropriations] — **8–3** (pass) · lower
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- Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] — **6–0** (pass) · upper
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- Do pass, but first be re-referred to the Committee on [Appropriations] — **7–1** (pass) · upper
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- Do pass as amended — **5–1** (pass) · upper
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- Placed on suspense file — **5–0** (pass) · upper
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## Sponsors
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- Limón — primary (person)
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- Aguiar-Curry — coauthor (person)
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- Archuleta — coauthor (person)
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- Bauer-Kahan — coauthor (person)
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- Cunningham — coauthor (person)
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- Durazo — coauthor (person)
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- Gabriel — coauthor (person)
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- Gloria — coauthor (person)
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- Gonzalez — author (person)
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- Grayson — author (person)
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- Irwin — coauthor (person)
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- Kalra — coauthor (person)
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- Mark Stone — coauthor (person)
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- Medina — coauthor (person)
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- Mitchell — coauthor (person)
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- Mullin — coauthor (person)
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- Ramos — coauthor (person)
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- Reyes — coauthor (person)
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- Robert Rivas — coauthor (person)
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- Roth — coauthor (person)
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- Skinner — coauthor (person)
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- Stern — coauthor (person)
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- Ting — coauthor (person)
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- Wicks — coauthor (person)
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- Wieckowski — coauthor (person)
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- Wiener — coauthor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-02-13** Read first time. To print. `reading-1`
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- **2019-02-14** From printer. May be heard in committee March 16.
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- **2019-02-25** Referred to Com. on B. & F. `referral-committee`
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- **2019-03-26** 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`
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- **2019-03-27** Re-referred to Com. on B. & F. `referral-committee`
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- **2019-04-02** From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 3.) (April 1). Re-referred to Com. on APPR. `committee-passage-favorable, committee-passage, referral-committee`
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- **2019-04-10** In committee: Set, first hearing. Referred to APPR. suspense file. `referral-committee`
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- **2019-05-16** Coauthors revised.
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- **2019-05-16** From committee: Do pass. (Ayes 13. Noes 5.) (May 16). `committee-passage-favorable, committee-passage`
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- **2019-05-20** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2019-05-23** Read third time. Passed. Ordered to the Senate. (Ayes 60. Noes 4. Page 1869.) `passage, reading-3, reading-1`
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- **2019-05-24** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2019-06-06** Referred to Coms. on B. & F.I. and JUD. `referral-committee`
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- **2019-06-13** In committee: Hearing postponed by committee.
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- **2019-06-27** From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 6. Noes 0.) (June 26). `amendment-passage, committee-passage, amendment-introduction`
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- **2019-07-01** Read second time and amended. Re-referred to Com. on JUD. `reading-1, reading-2, amendment-passage, referral-committee`
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- **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`
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- **2019-08-19** In committee: Referred to APPR. suspense file. `referral-committee`
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- **2019-08-20** 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`
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- **2019-09-03** From committee: Amend, and do pass as amended. (Ayes 5. Noes 1.) (August 30). `amendment-passage, committee-passage, amendment-introduction`
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- **2019-09-04** Read second time and amended. Ordered to third reading. `amendment-passage, reading-1, reading-2`
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- **2019-09-13** Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 5. Page 2913.). `passage, reading-3, reading-1`
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- **2019-09-13** In Assembly. Concurrence in Senate amendments pending.
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- **2019-09-13** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 61. Noes 8. Page 3553.). `amendment-passage, committee-passage-favorable`
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- **2019-09-25** Enrolled and presented to the Governor at 3:30 p.m.
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- **2019-10-10** Approved by the Governor. `executive-signature`
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- **2019-10-10** Chaptered by Secretary of State - Chapter 708, Statutes of 2019.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a6b52cfb-bbc9-46b3-9219-a607efc4e367`. Confidence: reported (aggregated from official California legislature records).
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