Cathleen Galgiani
- Democratic
Author
The California Finance Lenders Law generally provides for the licensure and regulation of finance lenders and brokers by the Commissioner of Business Oversight, and makes a willful violation of its provisions a crime. The law authorizes a licensee to offer credit disability insurance under specified conditions and requires premiums to be made available on a monthly or annual premium basis. This bill would instead authorize credit disability insurance to be offered on a monthly, annual, or single premium basis. The bill would require, when a monthly premium is offered, the premium rate charged per month to not exceed a pro rata relationship to the annual or single premium.
June 20 set for first hearing canceled at the request of author.
Read third time. Passed. (Ayes 39. Noes 0. Page 3575.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0. Page 3417.) (April 6).
Set for hearing April 6.
Withdrawn from committee.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on ED.
March 30 set for first hearing canceled at the request of author.
Set for hearing March 30.
Read first time.
From printer. May be acted upon on or after March 23.
Introduced. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1371 | HTML |
| 02/19/16 - Introduced | |
| 03/28/16 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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