California 2015-2016 Regular Session Status: Enacted 1 R cosponsors

AB 2251 — Student loan servicers: licensing and regulation: Student Loan Servicing Act.

Last action — Chaptered by Secretary of State - Chapter 824, Statutes of 2016.

  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 18, 2016. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 78% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 9 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

(1) Existing law establishes the Department of Business Oversight as headed by the Commissioner of Business Oversight, who, among other things, generally provides for the licensure and regulation of persons who are engaged in various consumer financial businesses, including, but not limited to, the business of making consumer or commercial loans. This bill would enact the Student Loan Servicing Act providing for the licensure, regulation, and oversight of student loan servicers by the commissioner and would define terms for its purposes. The bill would prohibit a person from engaging in the business of servicing a student loan in this state, directly or indirectly, without a license, unless exempt from the licensing requirement, and would require a licensee to provide specific services to a student loan borrower and comply with reporting, auditing, and other oversight by the commissioner. The bill would require a person applying for a license to, among other things, pay an application fee, sign the application under penalty of perjury, and submit to a criminal background check by the Department of Justice. By expanding the scope of the crime of perjury and increasing who is authorized to receive criminal record information, this bill would impose a state-mandated local program. The bill would require each licensee to, among other things, file reports with the commissioner under oath, pay to the commissioner its pro rata share of all costs and expenses reasonably incurred in the administration of these provisions, as estimated by the commissioner, and would authorize the commissioner to enforce these provisions by, among other things, promulgating regulations, performing investigations, suspending a license, and enforcing the provisions in an administrative hearing or in court, as specified. The bill would prohibit the public disclosure of specific information provided by a licensee to the commissioner. The bill would make the act operative on July 1, 2018, except for specific authorizations to the commissioner which may be exercised on and after January 1, 2017. The bill would make legislative findings in support of its provisions. (2) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. (3) Existing constitutional provisions require that a statute that limits the right of access to the meetings of public bodies or the writings of public officials and agencies be adopted with findings demonstrating the interest protected by the limitation and the need for protecting that interest. This bill would make legislative findings to that effect.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 824, 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 53. Noes 24. Page 6540.).

  5. In Assembly. Concurrence in Senate amendments pending.

  6. Read third time. Passed. Ordered to the Assembly. (Ayes 26. Noes 12. Page 5487.).

  7. From committee: Return to Senate floor for consideration. (Ayes 5. Noes 2.) (August 25).

  8. From committee: Be re-referred to Com. on B. & F.I. pursuant to Senate Rule 29.10(b). (Ayes 5. Noes 0.) Re-referred to Com. on B. & F.I.

  9. Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(b).

  10. Read second time. Ordered to third reading.

  11. Read third time and amended. Ordered to second reading.

  12. Read second time. Ordered to third reading.

  13. From committee: Do pass. (Ayes 5. Noes 2.) (August 11).

  14. Referred to APPR. suspense file.

  15. Re-referred to Com. on APPR.

  16. Withdrawn from committee.

  17. Read second time and amended. Re-referred to Com. on JUD.

  18. From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 5. Noes 2.) (June 29).

  19. In committee: Hearing postponed by committee.

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

  21. Referred to Coms. on B. & F.I. and JUD.

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

  23. Read third time. Passed. Ordered to the Senate. (Ayes 56. Noes 24. Page 5188.)

  24. Read second time. Ordered to third reading.

  25. Read second time and amended. Ordered returned to second reading.

  26. From committee: Amend, and do pass as amended. (Ayes 15. Noes 5.) (May 27).

  27. In committee: Set, first hearing. Referred to APPR. suspense file.

  28. Re-referred to Com. on APPR.

  29. From committee chair, with author's amendments: Amend, and re-refer to Com. on APPR. Read second time and amended.

  30. Re-referred to Com. on APPR.

  31. Read second time and amended.

  32. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 2.) (April 18).

  33. In committee: Hearing postponed by committee.

  34. Re-referred to Com. on B. & F. pursuant to Assembly Rule 96.

  35. Re-referred to Com. on HIGHER ED.

  36. From committee chair, with author's amendments: Amend, and re-refer to Com. on HIGHER ED. Read second time and amended.

  37. Referred to Coms. on HIGHER ED. and B. & F.

  38. From printer. May be heard in committee March 20.

  39. Read first time. To print.

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 118 not signed on · 10 voted No

Sponsors (1)

Co-sponsors (3)

Not signed on (118)

118 members have not signed on to this bill.

Show all 118 →

"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 2251 STONE Concurrence in Senate Amendments

Passed 53 Yea · 24 Nay · 3 Other
Party YeaNayPresentNot Voting
Unaffiliated 481903
Democratic 5000
Republican 0500
Total 532403
% of votes cast 66%30%0%4%
How each member voted (80)
Member Party Vote
Achadjian — Yea
Baker — Nay
Bloom — Yea
Brough — Nay
Brown — Yea
Jones-Sawyer — Yea
Low — Yea
Maienschein — Yea
Mathis — Nay
Mullin — Yea
O'Donnell — Yea
Obernolte — Nay
Rodriguez — Yea
Wagner — Nay
Eggman — Yea
Daly — Yea
Frazier — Not Voting
Gatto — Yea
Burke — Yea
Salas — Yea
Campos — Yea
Bonilla — Yea
Gordon — Yea
Holden — Yea
Lopez — Yea
Atkins — Yea
Harper — Nay
Gray — Not Voting
Chang — Not Voting
Bigelow — Nay
Chau — Yea
Chu — Yea
Chávez — Nay
Kim — Nay
Linder — Nay
Mayes — Nay
Melendez — Nay
Olsen — Nay
Quirk — Yea
Santiago — Yea
Steinorth — Nay
Ting — Yea
Waldron — Nay
Wilk — Nay
Williams — Yea
Wood — Yea
Levine — Yea
McCarty — Yea
Alejo — Yea
Chiu — Yea
Cooley — Yea
Cooper — Yea
Dababneh — Yea
Dodd — Yea
Medina — Yea
Nazarian — Yea
Rendon — Yea
Ridley-Thomas — Yea
Thurmond — Yea
Weber — Yea
Gomez — Yea
Hadley — Yea
Beth Gaines — Nay
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Nay
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Yea
Travis Allen — Nay
Arambula, Joaquin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Yea
Dahle, Megan Republican Nay
Gallagher, James Republican Nay
Grove, Shannon Republican Nay
Jones, Brian W. Republican Nay
Lackey, Tom Republican Nay

Official roll call →

3rd Reading AB2251 Mark Stone By Leno

Passed 26 Yea · 12 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 241101
Democratic 2100
Total 261201
% of votes cast 67%31%0%3%
How each member voted (39)
Member Party Vote
Anderson — Nay
Hill — Yea
Lara — Yea
Leyva — Yea
Mendoza — Yea
Vidak — Nay
Fuller — Nay
Cannella — Not Voting
Allen — Yea
Mitchell — Yea
De León — Yea
Galgiani — Yea
Glazer — Yea
Hall — Yea
Hernandez — Yea
Hertzberg — Yea
Hueso — Yea
Huff — Nay
Bates — Nay
Beall — Yea
Block — Yea
Leno — Yea
Liu — Yea
Monning — Yea
Moorlach — Nay
Morrell — Nay
Nielsen — Nay
Pan — Yea
Pavley — Yea
Roth — Yea
Wieckowski — Yea
Wolk — Yea
Hancock — Yea
Beth Gaines — Nay
Bill Berryhill — Nay
Mark Stone — Nay
Jackson, Corey A. Democratic Yea
McGuire, Mike Democratic Yea
Nguyen, Stephanie Democratic Nay

Official roll call →

Do pass

Passed 5 Yea · 2 Nay
Party YeaNayPresentNot Voting
Unaffiliated 4200
Democratic 1000
Total 5200
% of votes cast 71%29%0%0%
How each member voted (7)
Member Party Vote
Bates — Nay
Beall — Yea
Hill — Yea
Mendoza — Yea
Nielsen — Nay
Lara — Yea
McGuire, Mike Democratic Yea

Official roll call →

Placed on suspense file

Passed 7 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 6000
Democratic 1000
Total 7000
% of votes cast 100%0%0%0%
How each member voted (7)
Member Party Vote
Beall — Yea
Hill — Yea
Lara — Yea
Bates — Yea
Mendoza — Yea
Nielsen — Yea
McGuire, Mike Democratic Yea

Official roll call →

AB 2251 STONE Assembly Third Reading

Passed 56 Yea · 24 Nay
Party YeaNayPresentNot Voting
Unaffiliated 511900
Democratic 5000
Republican 0500
Total 562400
% of votes cast 70%30%0%0%
How each member voted (80)
Member Party Vote
Achadjian — Yea
Bloom — Yea
Brough — Nay
Brown — Yea
Holden — Yea
Linder — Nay
O'Donnell — Yea
Obernolte — Nay
Olsen — Nay
Steinorth — Nay
Waldron — Nay
Weber — Yea
Wilk — Nay
Williams — Yea
Chau — Yea
Eggman — Yea
Frazier — Yea
Gatto — Yea
Burke — Yea
Salas — Yea
Campos — Yea
Bonilla — Yea
Gomez — Yea
Gordon — Yea
Gray — Yea
Jones-Sawyer — Yea
Lopez — Yea
Levine — Yea
Atkins — Yea
Low — Yea
Maienschein — Yea
McCarty — Yea
Medina — Yea
Mullin — Yea
Alejo — Yea
Chang — Yea
Chiu — Yea
Cooley — Yea
Cooper — Yea
Dababneh — Yea
Daly — Yea
Dodd — Yea
Nazarian — Yea
Rendon — Yea
Ridley-Thomas — Yea
Rodriguez — Yea
Thurmond — Yea
Harper — Nay
Kim — Nay
Chu — Yea
Baker — Nay
Bigelow — Nay
Chávez — Nay
Mathis — Nay
Mayes — Nay
Melendez — Nay
Quirk — Yea
Santiago — Yea
Ting — Yea
Wagner — Nay
Wood — Yea
Hadley — Yea
Beth Gaines — Nay
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Nay
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Yea
Travis Allen — Nay
Arambula, Joaquin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Yea
Dahle, Megan Republican Nay
Gallagher, James Republican Nay
Grove, Shannon Republican Nay
Jones, Brian W. Republican Nay
Lackey, Tom Republican Nay

Official roll call →

Do pass as amended.

Passed 15 Yea · 5 Nay
Party YeaNayPresentNot Voting
Unaffiliated 13300
Democratic 2000
Republican 0200
Total 15500
% of votes cast 75%25%0%0%
How each member voted (20)
Member Party Vote
Bloom — Yea
Santiago — Yea
Eggman — Yea
Chang — Yea
Holden — Yea
Bonilla — Yea
Daly — Yea
Quirk — Yea
Weber — Yea
Wood — Yea
Bigelow — Nay
Obernolte — Nay
Wagner — Nay
Eduardo Garcia — Yea
Lorena Gonzalez — Yea
Roger Hernández — Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gallagher, James Republican Nay
Jones, Brian W. Republican Nay

Official roll call →

Subjects

finance education
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 2251 do?
(1) Existing law establishes the Department of Business Oversight as headed by the Commissioner of Business Oversight, who, among other things, generally provides for the licensure and regulation of persons who are engaged in various consumer financial businesses, including, but not limited to, the business of making consumer or commercial loans. This bill would enact the Student Loan Servicing Act providing for the licensure, regulation, and oversight of student loan servicers by the commissioner and would define terms for its purposes. The bill would prohibit a person from engaging in the business of servicing a student loan in this state, directly or indirectly, without a license, unless exempt from the licensing requirement, and would require a licensee to provide specific services to a student loan borrower and comply with reporting, auditing, and other oversight by the commissioner. The bill would require a person applying for a license to, among other things, pay an application fee, sign the application under penalty of perjury, and submit to a criminal background check by the Department of Justice. By expanding the scope of the crime of perjury and increasing who is authorized to receive criminal record information, this bill would impose a state-mandated local program. The bill would require each licensee to, among other things, file reports with the commissioner under oath, pay to the commissioner its pro rata share of all costs and expenses reasonably incurred in the administration of these provisions, as estimated by the commissioner, and would authorize the commissioner to enforce these provisions by, among other things, promulgating regulations, performing investigations, suspending a license, and enforcing the provisions in an administrative hearing or in court, as specified. The bill would prohibit the public disclosure of specific information provided by a licensee to the commissioner. The bill would make the act operative on July 1, 2018, except for specific authorizations to the commissioner which may be exercised on and after January 1, 2017. The bill would make legislative findings in support of its provisions. (2) The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason. (3) Existing constitutional provisions require that a statute that limits the right of access to the meetings of public bodies or the writings of public officials and agencies be adopted with findings demonstrating the interest protected by the limitation and the need for protecting that interest. This bill would make legislative findings to that effect.
Who sponsors AB 2251?
AB 2251 is sponsored by Dababneh, Leno, Gonzalez, Jeff (Republican), and Mark Stone.
What is the current status of AB 2251?
This bill has been enacted into law. Introduced February 18, 2016. Enacted.
Where can I track AB 2251?
Track AB 2251 free on One Click Politics — get push/email alerts when it moves.

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