California 2009-2010 Regular Session Status: To Executive

SB 510 — Structured settlements: payment transfers.

Last action — Chaptered by Secretary of State. Chapter 593, Statutes of 2009.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2009-2010 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Existing law provides that no direct or indirect transfer of structured settlement payment rights is effective unless the transfer has been approved in advance in a final court order based on certain written court findings. This bill would specify that those provisions only apply to agreements with certain connections to California. This bill would also specify new information to be included in the written disclosure statement provided to the payee prior to executing the transfer agreement. This bill would specify circumstances the court must consider before approving the transfer. This bill would provide that every application for approval of a transfer of structured settlement payment rights shall contain specified information. This bill would also specify notice and disclosure requirements that must be complied with prior to any transfer.

Bill Text

Action History

  1. Chaptered by Secretary of State. Chapter 593, Statutes of 2009.

  2. Approved by Governor.

  3. Enrolled. To Governor at 1 p.m.

  4. Senate concurs in Assembly amendments. (Ayes 24. Noes 10. Page 2334.) To enrollment.

  5. In Senate. To unfinished business.

  6. Read third time. Passed. (Ayes 74. Noes 0. Page 2708.) To Senate.

  7. Read third time. Amended. (Page 2672.) To third reading.

  8. Read second time. To third reading.

  9. Read second time. Amended. To second reading.

  10. (Heard in committee on June 30.)

  11. From committee: Do pass as amended. (Ayes 10. Noes 0.)

  12. From committee with author's amendments. Read second time. Amended. Re-referred to Com. on JUD.

  13. To Com. on JUD.

  14. In Assembly. Read first time. Held at Desk.

  15. Read third time. Passed. (Ayes 24. Noes 13. Page 892.) To Assembly.

  16. Read second time. Amended. To third reading.

  17. From committee: Do pass as amended. (Ayes 3. Noes 2. Page 701.)

  18. Set for hearing April 28.

  19. (Corrected April 21.)

  20. From committee with author's amendments. Read second time. Amended. Re-referred to Com. on JUD.

  21. Hearing postponed by committee.

  22. Set for hearing April 14.

  23. To Com. on JUD.

  24. From print. May be acted upon on or after March 28.

  25. Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

  • Corbett · Primary
  • Tran · Cosponsor

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 120 not signed on

Sponsors (1)

  • Corbett

Co-sponsors (1)

  • Tran

Not signed on (120)

120 members have not signed on to this bill.

Show all 120 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Unfinished Business SB510 Corbett

Passed 25 Yea · 10 Nay · 6 Other
Party YeaNayPresentNot Voting
Unaffiliated 221006
Democratic 2000
Republican 1000
Total 251006
% of votes cast 61%24%0%15%
How each member voted (41)
Member Party Vote
Yee — Yea
Cedillo — Not Voting
Lowenthal — Yea
Negrete — Yea
Cogdill — Nay
Florez — Not Voting
Hancock — Yea
Runner — Nay
Ducheny — Not Voting
Hollingsworth — Nay
Huff — Nay
Dutton — Not Voting
Liu — Yea
Maldonado — Yea
McLeod — Yea
Ashburn — Nay
Benoit — Nay
Oropeza — Not Voting
Price — Yea
Romero — Yea
Simitian — Yea
Steinberg — Yea
Walters — Nay
Wiggins — Yea
Wright — Yea
Aanestad — Not Voting
Alquist — Yea
Harman — Nay
Kehoe — Yea
Leno — Yea
Pavley — Yea
Wolk — Yea
Wyland — Yea
Corbett — Yea
Correa — Yea
Cox — Nay
DeSaulnier — Yea
Denham — Nay
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

SB 510 Corbett Senate Third Reading By TRAN

Passed 86 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Unaffiliated 80005
Democratic 3000
Republican 3000
Total 86005
% of votes cast 95%0%0%5%
How each member voted (91)
Member Party Vote
Carter — Yea
Eng — Yea
Feuer — Yea
Conway — Yea
Cook — Yea
Bill — Yea
Tom — Yea
Fuller — Yea
Furutani — Yea
Garrick — Yea
Charles — Yea
De — Yea
La — Yea
Torre — Yea
De — Yea
Leon — Yea
Fletcher — Yea
Fong — Yea
Adams — Yea
Anderson — Yea
Blakeslee — Yea
Bonnie — Yea
Lowenthal — Yea
V. — Yea
Manuel — Yea
Perez — Yea
John — Yea
A. — Yea
Perez — Yea
Portantino — Yea
Salas — Yea
Audra — Yea
Saldana — Not Voting
Chesbro — Not Voting
Hagman — Yea
Hall — Not Voting
Harkey — Yea
Hayashi — Yea
Bass — Yea
Duvall — Not Voting
Hill — Yea
Huber — Yea
Huffman — Yea
Knight — Yea
Krekorian — Yea
Logue — Yea
Mendoza — Yea
Miller — Yea
Monning — Yea
Nestande — Yea
Ruskin — Yea
Silva — Yea
Smyth — Yea
Solorio — Yea
Torlakson — Yea
Torres — Yea
Tran — Yea
Villines — Yea
Ammiano — Yea
Beall — Yea
Block — Yea
Blumenfield — Yea
Brownley — Yea
Buchanan — Yea
Hernandez — Yea
Jeffries — Yea
Lieu — Yea
Ma — Yea
Nava — Yea
Nielsen — Yea
Skinner — Yea
Swanson — Yea
Torrico — Yea
Emmerson — Yea
Coto — Yea
Evans — Yea
Davis — Yea
DeVore — Yea
Yamada — Yea
Fuentes — Yea
Galgiani — Yea
Gilmore — Yea
Beth Gaines — Not Voting
Bill Berryhill — Yea
Bill Berryhill — Yea
Arambula, Joaquin Democratic Yea
Caballero, Anna M. Democratic Yea
Calderon, Lisa Democratic Yea
Jones, Brian W. Republican Yea
Niello, Roger W. Republican Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass as amended.

Passed 10 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 9000
Republican 1000
Total 10000
% of votes cast 100%0%0%0%
How each member voted (10)
Member Party Vote
Feuer — Yea
Knight — Yea
Krekorian — Yea
Lieu — Yea
Monning — Yea
Silva — Yea
Tran — Yea
Brownley — Yea
Evans — Yea
Jones, Brian W. Republican Yea

Official roll call →

Senate 3rd Reading SB510 Corbett

Passed 25 Yea · 13 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 211302
Democratic 3000
Republican 1000
Total 251302
% of votes cast 63%33%0%5%
How each member voted (40)
Member Party Vote
Yee — Yea
Cogdill — Nay
Corbett — Yea
Hancock — Yea
Ducheny — Yea
Kehoe — Yea
Negrete — Yea
Liu — Yea
Alquist — Yea
Benoit — Nay
Pavley — Yea
Romero — Yea
Wiggins — Yea
Wright — Yea
Wyland — Nay
Runner — Nay
Cedillo — Not Voting
Huff — Nay
Dutton — Nay
Walters — Nay
Aanestad — Yea
Ashburn — Nay
Harman — Nay
Hollingsworth — Nay
Leno — Yea
Maldonado — Nay
McLeod — Yea
Oropeza — Not Voting
Simitian — Yea
Steinberg — Yea
Wolk — Yea
Correa — Yea
Cox — Nay
DeSaulnier — Yea
Denham — Nay
Florez — Yea
Calderon, Lisa Democratic Yea
Lowenthal, Josh Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass as amended.

Passed 3 Yea · 2 Nay
Party YeaNayPresentNot Voting
Unaffiliated 3200
Total 3200
% of votes cast 60%40%0%0%
How each member voted (5)
Member Party Vote
Florez — Yea
Corbett — Yea
Walters — Nay
Harman — Nay
Leno — Yea

Official roll call →

Subjects

finance
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Frequently asked questions

What does SB 510 do?
Existing law provides that no direct or indirect transfer of structured settlement payment rights is effective unless the transfer has been approved in advance in a final court order based on certain written court findings. This bill would specify that those provisions only apply to agreements with certain connections to California. This bill would also specify new information to be included in the written disclosure statement provided to the payee prior to executing the transfer agreement. This bill would specify circumstances the court must consider before approving the transfer. This bill would provide that every application for approval of a transfer of structured settlement payment rights shall contain specified information. This bill would also specify notice and disclosure requirements that must be complied with prior to any transfer.
Who sponsors SB 510?
SB 510 is sponsored by Corbett and Tran.
What is the current status of SB 510?
This bill died with 2009-2010 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 510?
Track SB 510 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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