California 2011-2012 Regular Session Status: Enacted

AB 2010 — Reverse mortgages: counseling.

Last action — Chaptered by Secretary of State - Chapter 641, Statutes of 2012.

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

This bill has been enacted into law. Introduced February 23, 2012. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Existing law defines and regulates reverse mortgage loans and prohibits a reverse mortgage loan application from being taken by a lender unless the loan applicant has been provided a specified notice advising the applicant about counseling prior to obtaining the reverse mortgage loan. Existing law requires a lender to provide a prospective borrower a list of not fewer than 10 housing counseling agencies approved by the United States Department of Housing and Community Development to engage in reverse mortgage counseling, as specified, and prohibits a lender from accepting a final and complete application for a reverse mortgage or assessing any fees upon a prospective borrower without receiving certification that the prospective borrower has received this counseling from an approved counseling agency. This bill would require the above certification to indicate that the reverse mortgage counseling was conducted in person, unless the borrower elected to receive the counseling in another manner.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 641, Statutes of 2012.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 4:30 p.m.

  4. In Assembly. Ordered to Engrossing and Enrolling.

  5. Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 9. Page 4759.).

  6. Read second time. Ordered to third reading.

  7. From committee: Do pass. (Ayes 4. Noes 0.) (July 3).

  8. Referred to Com. on JUD.

  9. In Senate. Read first time. To Com. on RLS. for assignment.

  10. Read third time. Passed. Ordered to the Senate. (Ayes 63. Noes 10. Page 4768.)

  11. Read second time. Ordered to third reading.

  12. From committee: Do pass. (Ayes 11. Noes 0.) (April 30).

  13. Re-referred to Com. on B. & F.

  14. From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.

  15. Referred to Com. on B. & F.

  16. From printer. May be heard in committee March 25.

  17. Read first time. To print.

Sponsors

  • Bonilla · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 121 not signed on · 3 voted No

Sponsors (1)

  • Bonilla

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"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

3rd Reading AB2010 Bonilla By DeSaulnier

Passed 28 Yea · 9 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 25903
Republican 1000
Democratic 2000
Total 28903
% of votes cast 70%23%0%8%
How each member voted (40)
Member Party Vote
Yee — Yea
Wyland — Yea
Evans — Yea
Fuller — Nay
Lowenthal — Yea
Negrete McLeod — Yea
Hancock — Yea
Rubio — Yea
Harman — Nay
Cannella — Yea
Huff — Nay
Runner — Nay
De León — Not Voting
Dutton — Yea
Anderson — Nay
Blakeslee — Not Voting
Kehoe — Yea
Leno — Yea
Lieu — Not Voting
Liu — Yea
Pavley — Yea
Simitian — Yea
Vargas — Yea
Wolk — Yea
Alquist — Yea
Hernandez — Yea
Price — Yea
Steinberg — Yea
Walters — Nay
Wright — Yea
Corbett — Yea
Emmerson — Nay
Correa — Yea
DeSaulnier — Yea
Beth Gaines — Nay
Bill Berryhill — Yea
La Malfa — Nay
Calderon, Lisa Democratic Yea
Padilla, Stephen C. Democratic Yea
Strickland, Tony Republican Yea

Official roll call →

Do pass.

Passed 4 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 4001
Total 4001
% of votes cast 80%0%0%20%
How each member voted (5)
Member Party Vote
Harman — Not Voting
Blakeslee — Yea
Leno — Yea
Corbett — Yea
Evans — Yea

Official roll call →

AB 2010 BONILLA Assembly Third Reading

Passed 63 Yea · 10 Nay · 7 Other
Party YeaNayPresentNot Voting
Unaffiliated 61907
Republican 1100
Democratic 1000
Total 631007
% of votes cast 79%13%0%9%
How each member voted (80)
Member Party Vote
Gordon — Yea
Gorell — Nay
Halderman — Yea
Yamada — Yea
Butler — Yea
Fuentes — Yea
Garrick — Yea
Fong — Yea
Campos — Yea
Gatto — Yea
Allen — Yea
Hagman — Yea
Hall — Yea
Carter — Yea
Portantino — Yea
John A. Pérez — Yea
Mitchell — Yea
Harkey — Yea
Hill — Yea
Huber — Yea
Cedillo — Yea
Huffman — Yea
Bonilla — Yea
Atkins — Yea
Knight — Nay
Ammiano — Yea
Beall — Yea
Chesbro — Yea
Conway — Yea
Davis — Yea
Dickinson — Yea
Ma — Yea
Mendoza — Yea
Monning — Yea
Nestande — Yea
Pan — Yea
Silva — Yea
Skinner — Yea
Solorio — Yea
Swanson — Yea
Valadao — Yea
Wieckowski — Yea
Fletcher — Not Voting
Furutani — Not Voting
Jeffries — Not Voting
Cook — Not Voting
Donnelly — Nay
Nielsen — Not Voting
Olsen — Not Voting
Wagner — Nay
Achadjian — Yea
Alejo — Yea
Block — Yea
Blumenfield — Yea
Bradford — Yea
Brownley — Yea
Buchanan — Yea
Hayashi — Yea
Hueso — Yea
Lara — Yea
Logue — Nay
Mansoor — Nay
Miller — Yea
Morrell — Nay
Norby — Nay
Perea — Yea
Smyth — Yea
Torres — Yea
Williams — Yea
Eng — Yea
Feuer — Yea
Galgiani — Yea
Beth Gaines — Nay
Bill Berryhill — Yea
Bonnie Lowenthal — Yea
Roger Hernández — Yea
V. Manuel Pérez — Not Voting
Calderon, Lisa Democratic Yea
Grove, Shannon Republican Nay
Jones, Brian W. Republican Yea

Official roll call →

Do pass.

Passed 11 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 10001
Democratic 1000
Total 11001
% of votes cast 92%0%0%8%
How each member voted (12)
Member Party Vote
Gatto — Yea
Fletcher — Not Voting
Harkey — Yea
Lara — Yea
Perea — Yea
Achadjian — Yea
Morrell — Yea
Torres — Yea
Eng — Yea
Fuentes — Yea
Roger Hernández — Yea
Calderon, Lisa Democratic Yea

Official roll call →

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does AB 2010 do?
Existing law defines and regulates reverse mortgage loans and prohibits a reverse mortgage loan application from being taken by a lender unless the loan applicant has been provided a specified notice advising the applicant about counseling prior to obtaining the reverse mortgage loan. Existing law requires a lender to provide a prospective borrower a list of not fewer than 10 housing counseling agencies approved by the United States Department of Housing and Community Development to engage in reverse mortgage counseling, as specified, and prohibits a lender from accepting a final and complete application for a reverse mortgage or assessing any fees upon a prospective borrower without receiving certification that the prospective borrower has received this counseling from an approved counseling agency. This bill would require the above certification to indicate that the reverse mortgage counseling was conducted in person, unless the borrower elected to receive the counseling in another manner.
Who sponsors AB 2010?
AB 2010 is sponsored by Bonilla.
What is the current status of AB 2010?
This bill has been enacted into law. Introduced February 23, 2012. Enacted.
Where can I track AB 2010?
Track AB 2010 free on One Click Politics — get push/email alerts when it moves.

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