California 2015-2016 Regular Session Status: Enacted

AB 2416 — Escrow agent rating service.

Last action — Chaptered by Secretary of State - Chapter 135, Statutes of 2016.

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  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 19, 2016. 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 5 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, the Consumer Credit Reporting Agencies Act, requires every consumer credit reporting agency, upon request and proper identification of any consumer, to allow the consumer to visually inspect all files maintained regarding that consumer at the time of the request. Existing law requires every consumer reporting agency to advise the consumer of the agency's obligation to provide a decoded written version of the file. Existing law grants the consumer the right to request and receive a decoded written version of the file. Existing law requires a consumer credit reporting agency to disclose the recipients of any consumer credit report on the consumer which the consumer credit reporting agency has furnished, as specified. Under existing law, a consumer credit reporting agency is required to furnish a consumer credit report only under certain circumstances, including in accordance with the written instructions of the consumer to whom it relates. Existing law prohibits a consumer credit reporting agency from making any consumer credit report containing specified information. Existing law requires every consumer credit reporting agency to maintain reasonable procedures designed to avoid disclosing certain information and to limit the furnishing of consumer credit reports to specified purposes. If the completeness or accuracy of any item of information in a consumer's file is disputed by the consumer, existing law requires the consumer credit reporting agency to reinvestigate and record the current status of the disputed information within a specified period of time. Existing law requires each consumer credit reporting agency that compiles and reports items of information that are matters of public record to specify the source from which that information was obtained. Existing law requires a person that procures a consumer credit report for the purpose of reselling the report to take specified actions. Existing law authorizes any consumer suffering damages as a result of a violation of the Consumer Credit Reporting Agencies Act by any person to bring a court action for damages or injunctive relief, as specified. Existing law requires an escrow agent rating service, as defined, to comply with the provisions described above. Existing law makes an escrow agent rating service subject to the requirements applicable to a reseller of credit information if it acts in that capacity, as specified. Existing law requires an escrow agent rating service to establish policies and procedures to protect the personal information it obtains from escrow agents. Existing law authorizes an escrow agent, as defined, who suffers damages as a result of the failure of an escrow agent rating service to comply with these provisions to bring a court action for specified damages. Existing law repeals, on January 1, 2017, these escrow agent rating service requirements. This bill would instead extend the operation of the escrow agent rating service requirements until January 1, 2022.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 135, Statutes of 2016.

  2. Approved by the Governor.

  3. Enrolled and presented to the Governor at 2:30 p.m.

  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 76. Noes 0. Page 5639.).

  5. In Assembly. Concurrence in Senate amendments pending. May be considered on or after July 29 pursuant to Assembly Rule 77.

  6. Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 4646.).

  7. Read second time and amended. Ordered to consent calendar.

  8. From committee: Amend, and do pass as amended. To Consent Calendar. (Ayes 7. Noes 0.) (June 14).

  9. Referred to Com. on JUD.

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

  11. Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4626.)

  12. Read second time. Ordered to Consent Calendar.

  13. From committee: Do pass. To Consent Calendar. (Ayes 12. Noes 0.) (April 25).

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

  15. Read first time.

  16. From printer. May be heard in committee March 22.

  17. Introduced. To print.

Sponsors

  • Wilk · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Wilk

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

AB 2416 WILK Concurrence in Senate Amendments

Passed 76 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 66004
Democratic 5000
Republican 5000
Total 76004
% of votes cast 95%0%0%5%
How each member voted (80)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Baker — Yea
Bloom — Yea
Brough — Yea
Brown — Yea
Harper — Yea
Jones-Sawyer — Yea
Linder — Not Voting
Low — Yea
Mathis — Yea
Mayes — Yea
Obernolte — Yea
Quirk — Yea
Rodriguez — Yea
Thurmond — Yea
Wagner — Yea
Weber — Yea
Wood — Yea
Eggman — Yea
Cooper — Yea
Chávez — Yea
Gatto — Yea
Salas — Yea
Medina — Yea
Olsen — Yea
Burke — Yea
Bonilla — Yea
Frazier — Yea
Gray — Yea
Gordon — Yea
Hadley — Yea
Lopez — Yea
Holden — Yea
Kim — Yea
Levine — Yea
Maienschein — Yea
McCarty — Yea
Campos — Not Voting
Atkins — Yea
Melendez — Yea
Mullin — Yea
Nazarian — Yea
O'Donnell — Yea
Bigelow — Yea
Chang — Yea
Chau — Yea
Chiu — Yea
Chu — Yea
Cooley — Yea
Dababneh — Not Voting
Daly — Yea
Dodd — Yea
Rendon — Yea
Ridley-Thomas — Yea
Santiago — Yea
Steinorth — Yea
Ting — Yea
Waldron — Yea
Wilk — Yea
Williams — Yea
Gomez — Yea
Beth Gaines — Yea
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Yea
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Not Voting
Travis Allen — Yea
Arambula, Joaquin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Yea
Dahle, Megan Republican Yea
Gallagher, James Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Lackey, Tom Republican Yea

Official roll call →

Consent Calendar 2nd

Passed 37 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 34003
Democratic 3000
Total 37003
% of votes cast 93%0%0%8%
How each member voted (40)
Member Party Vote
Anderson — Yea
Beall — Yea
Hernandez — Yea
Mendoza — Not Voting
Monning — Yea
Wieckowski — Yea
Fuller — Yea
Galgiani — Yea
Cannella — Yea
Glazer — Yea
Allen — Yea
Hall — Yea
Mitchell — Yea
De León — Yea
Bates — Yea
Block — Yea
Hertzberg — Yea
Hill — Yea
Lara — Yea
Leno — Yea
Liu — Yea
Moorlach — Yea
Morrell — Yea
Nielsen — Yea
Pan — Yea
Pavley — Yea
Roth — Yea
Runner — Not Voting
Hueso — Yea
Huff — Yea
Leyva — Yea
Vidak — Yea
Wolk — Not Voting
Hancock — Yea
Beth Gaines — Yea
Bill Berryhill — Yea
Mark Stone — Yea
Jackson, Corey A. Democratic Yea
McGuire, Mike Democratic Yea
Nguyen, Stephanie Democratic Yea

Official roll call →

AB 2416 WILK Consent Calendar Second Day

Passed 76 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 66004
Democratic 5000
Republican 5000
Total 76004
% of votes cast 95%0%0%5%
How each member voted (80)
Member Party Vote
Achadjian — Yea
Alejo — Yea
Bloom — Yea
Brough — Yea
Brown — Yea
Low — Yea
Mathis — Yea
Mullin — Yea
O'Donnell — Yea
Quirk — Yea
Steinorth — Yea
Waldron — Yea
Williams — Not Voting
Eggman — Yea
Daly — Yea
Dodd — Yea
Campos — Yea
Gatto — Yea
Chávez — Yea
Salas — Yea
Cooper — Yea
Bonilla — Yea
Harper — Yea
Bigelow — Yea
Jones-Sawyer — Yea
Mayes — Yea
Medina — Yea
Melendez — Yea
Nazarian — Yea
Obernolte — Yea
Olsen — Yea
Rendon — Yea
Wagner — Yea
Gray — Yea
Dababneh — Yea
Lopez — Yea
Frazier — Yea
Gomez — Yea
Gordon — Yea
Hadley — Yea
Burke — Yea
Atkins — Yea
Holden — Yea
Chang — Yea
Baker — Yea
Chau — Yea
Chiu — Yea
Chu — Yea
Cooley — Yea
Kim — Yea
Levine — Yea
Linder — Yea
Maienschein — Yea
McCarty — Yea
Ridley-Thomas — Not Voting
Rodriguez — Yea
Santiago — Yea
Thurmond — Yea
Ting — Yea
Weber — Yea
Wilk — Yea
Wood — Yea
Beth Gaines — Not Voting
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Yea
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Not Voting
Travis Allen — Yea
Arambula, Joaquin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Yea
Dahle, Megan Republican Yea
Gallagher, James Republican Yea
Grove, Shannon Republican Yea
Jones, Brian W. Republican Yea
Lackey, Tom Republican Yea

Official roll call →

Do pass. To Consent Calendar.

Passed 12 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 12000
Total 12000
% of votes cast 100%0%0%0%
How each member voted (12)
Member Party Vote
Achadjian — Yea
Brown — Yea
Low — Yea
Chau — Yea
Dababneh — Yea
Bonilla — Yea
Gatto — Yea
Kim — Yea
Ridley-Thomas — Yea
Hadley — Yea
Mark Stone — Yea
Travis Allen — Yea

Official roll call →

Subjects

finance
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 2416 do?
Existing law, the Consumer Credit Reporting Agencies Act, requires every consumer credit reporting agency, upon request and proper identification of any consumer, to allow the consumer to visually inspect all files maintained regarding that consumer at the time of the request. Existing law requires every consumer reporting agency to advise the consumer of the agency's obligation to provide a decoded written version of the file. Existing law grants the consumer the right to request and receive a decoded written version of the file. Existing law requires a consumer credit reporting agency to disclose the recipients of any consumer credit report on the consumer which the consumer credit reporting agency has furnished, as specified. Under existing law, a consumer credit reporting agency is required to furnish a consumer credit report only under certain circumstances, including in accordance with the written instructions of the consumer to whom it relates. Existing law prohibits a consumer credit reporting agency from making any consumer credit report containing specified information. Existing law requires every consumer credit reporting agency to maintain reasonable procedures designed to avoid disclosing certain information and to limit the furnishing of consumer credit reports to specified purposes. If the completeness or accuracy of any item of information in a consumer's file is disputed by the consumer, existing law requires the consumer credit reporting agency to reinvestigate and record the current status of the disputed information within a specified period of time. Existing law requires each consumer credit reporting agency that compiles and reports items of information that are matters of public record to specify the source from which that information was obtained. Existing law requires a person that procures a consumer credit report for the purpose of reselling the report to take specified actions. Existing law authorizes any consumer suffering damages as a result of a violation of the Consumer Credit Reporting Agencies Act by any person to bring a court action for damages or injunctive relief, as specified. Existing law requires an escrow agent rating service, as defined, to comply with the provisions described above. Existing law makes an escrow agent rating service subject to the requirements applicable to a reseller of credit information if it acts in that capacity, as specified. Existing law requires an escrow agent rating service to establish policies and procedures to protect the personal information it obtains from escrow agents. Existing law authorizes an escrow agent, as defined, who suffers damages as a result of the failure of an escrow agent rating service to comply with these provisions to bring a court action for specified damages. Existing law repeals, on January 1, 2017, these escrow agent rating service requirements. This bill would instead extend the operation of the escrow agent rating service requirements until January 1, 2022.
Who sponsors AB 2416?
AB 2416 is sponsored by Wilk.
What is the current status of AB 2416?
This bill has been enacted into law. Introduced February 19, 2016. Enacted.
Where can I track AB 2416?
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