republic-os/legislation/us/states/ca/20232024/sb-1521.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	Commercial financing transactions: fees.	Existing law prohibits a covered entity, as defined, from charging certain fees in connection with a commercial financing transaction with a small business or small business owner, including a fee for monitoring the small business' collateral, unless the underlying commercial financing transaction is delinquent for more than 60 days.	us/states/ca	California Legislature	20232024	SB 1521	California SB 1521 (20232024)	bill	Commercial financing transactions fees	enacted	Committee on Banking and Financial Institutions	4	23	6	2024-03-11	2024-08-19	openstates	ocd-bill/31c724b7-e2a1-40b7-b4c6-47d4cd8b71fd	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB1521	445ca97d14796a1a360509ac452a51b04d21432aca11594f1968df19e926457d	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California SB 1521 (20232024) — Commercial financing transactions: fees.

Existing law prohibits a covered entity, as defined, from charging certain fees in connection with a commercial financing transaction with a small business or small business owner, including a fee for monitoring the small business' collateral, unless the underlying commercial financing transaction is delinquent for more than 60 days.

Version chain

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

1. 03/11/24 - Introduced (filed) — source
2. 08/19/24 - Chaptered (committee substitute) — source
3. SB1521 (committee substitute) — source
4. 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 — 11–0 (pass) · upper
• Do pass. To Consent Calendar. — 15–0 (pass) · lower
• SB 1521 Banking and Financial Institutions Consent Calendar Second Day — 72–0 (pass) · lower
• Do pass, but first be re-referred to the Committee on [Judiciary] with the recommendation: To Consent Calendar — 7–0 (pass) · upper
• Consent Calendar 2nd SB1521 B. & F.I. — 37–0 (pass) · upper
• Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 8–0 (pass) · lower

Sponsors

• Committee on Banking and Financial Institutions — primary (person)

Timeline

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

• 2024-03-11 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
• 2024-03-12 From printer. May be acted upon on or after April 11.
• 2024-03-20 Referred to Coms. on B. & F.I. and JUD. referral-committee
• 2024-04-05 Set for hearing April 17.
• 2024-04-09 Set for hearing April 23 in JUD. pending receipt.
• 2024-04-17 From committee: Do pass and re-refer to Com. on JUD. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 3659.) (April 17). Re-referred to Com. on JUD. committee-passage, committee-passage-favorable, referral-committee
• 2024-04-24 From committee: Do pass and re-refer to Com. on APPR with recommendation: To consent calendar. (Ayes 11. Noes 0. Page 3728.) (April 23). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
• 2024-04-26 Set for hearing May 6.
• 2024-05-06 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage, reading-2
• 2024-05-07 Read second time. Ordered to consent calendar. reading-1, reading-2
• 2024-05-09 Read third time. Passed. (Ayes 37. Noes 0. Page 3874.) Ordered to the Assembly. passage, reading-1, reading-3
• 2024-05-09 In Assembly. Read first time. Held at Desk. reading-1
• 2024-05-20 Referred to Com. on JUD. referral-committee
• 2024-05-21 Re-referred to Com. on B. & F. pursuant to Assembly Rule 96. referral-committee
• 2024-06-18 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (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 6251.) 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 194, Statutes of 2024. became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/31c724b7-e2a1-40b7-b4c6-47d4cd8b71fd. Confidence: reported (aggregated from official California legislature records).