Committee on Banking and Finance
Author
(1) Existing law, the Money Transmission Act, generally regulates money transmission businesses. The act requires each licensee or agent to prominently post on the premises of each branch office that conducts money transmission a specified notice. This bill would change the contact information required to be provided in that notice. (2) Existing law, the California Deferred Deposit Transaction Law, generally regulates the offering, originating, and making of deferred deposit transactions. Existing law required a report regarding the implementation of that law to be submitted to the Governor and the Legislature on December 1, 2007, as specified. This bill would repeal that reporting provision.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 71, Statutes of 2025.
Enrolled and presented to the Governor at 3:30 p.m.
In Assembly. Ordered to Engrossing and Enrolling.
Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2042.).
Read second time. Ordered to Consent Calendar.
From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (July 2).
In committee: Hearing postponed by committee.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1520.)
Read second time. Ordered to Consent Calendar.
From committee: Do pass. To Consent Calendar. (Ayes 9. Noes 0.) (May 5).
From printer. May be heard in committee March 30.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB1507 | HTML |
| 02/27/25 - Introduced | |
| 07/11/25 - Enrolled | |
| 07/28/25 - Chaptered |
| Document | Format |
|---|---|
| 05/02/25- Assembly Banking and Finance | |
| 06/30/25- Senate Banking and Financial Institutions | |
| 07/09/25- Sen. Floor Analyses |
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