California 2015-2016 Regular Session Status: Enacted

AB 1645 — Mortgage guaranty insurance.

Last action — Chaptered by Secretary of State - Chapter 62, 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 January 12, 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 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, beginning January 1, 2018, requires, among other things, that a mortgage guaranty insurer limit its coverage to no more than a net of 30% at risk of the entire indebtedness to the insured for the class of insurance that insures against financial loss by reason of nonpayment of principal, interest, and other sums under any evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a first lien or charge on a residential building or a condominium unit or buildings designed for occupancy by not more than 4 families. Existing law, beginning January 1, 2018, also authorizes a mortgage guaranty insurer to extend its coverage for this class of insurance beyond the established limits if the excess is insured by a contract of reinsurance. This bill would delete the above provisions.

Bill Text

Action History

  1. Chaptered by Secretary of State - Chapter 62, Statutes of 2016.

  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 37. Noes 0. Page 4649.).

  6. Read second time. Ordered to Consent Calendar.

  7. From committee: Do pass. To Consent Calendar. (Ayes 8. Noes 0.) (June 22).

  8. In committee: Set, first hearing. Hearing canceled at the request of author.

  9. Referred to Com. on INS.

  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 4359.)

  12. Read second time. Ordered to Consent Calendar.

  13. From committee: Do pass. To Consent Calendar. (Ayes 13. Noes 0.) (April 6).

  14. Referred to Com. on INS.

  15. From printer. May be heard in committee February 12.

  16. Read first time. To print.

Sponsors

  • Dababneh · Primary

Sponsorship breakdown

Export CSV (upgrade) →

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

Sponsors (1)

  • Dababneh

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

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
Hueso — Yea
Leyva — Yea
Vidak — Yea
Fuller — Yea
Galgiani — Yea
Hill — Yea
Lara — Yea
Cannella — Yea
De León — Yea
Runner — Not Voting
Glazer — Yea
Hancock — Yea
Hernandez — Yea
Hertzberg — Yea
Bates — Yea
Beall — Yea
Block — Yea
Huff — Yea
Leno — Yea
Liu — Yea
Mendoza — Not Voting
Monning — Yea
Moorlach — Yea
Morrell — Yea
Nielsen — Yea
Pavley — Yea
Roth — Yea
Wieckowski — Yea
Wolk — Not Voting
Allen — Yea
Mitchell — Yea
Pan — Yea
Hall — 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 1645 DABABNEH Consent Calendar Second Day

Passed 76 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Unaffiliated 67003
Democratic 4001
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
Levine — Not Voting
Low — Yea
Maienschein — Yea
Mathis — Yea
Olsen — Yea
Quirk — Yea
Rendon — Yea
Santiago — Yea
Thurmond — Yea
Waldron — Yea
Williams — Yea
Eggman — Yea
Frazier — Yea
Burke — Yea
Gatto — Yea
Salas — Yea
Campos — Yea
Bonilla — Yea
Gomez — Yea
Gordon — Yea
Harper — Yea
Gray — Yea
Holden — Yea
Jones-Sawyer — Yea
Lopez — Yea
Mayes — Yea
McCarty — Yea
Medina — Yea
Mullin — Yea
O'Donnell — Yea
Obernolte — Yea
Bigelow — Yea
Chang — Yea
Chiu — Yea
Chávez — Yea
Cooley — Yea
Cooper — Yea
Dababneh — Yea
Daly — Yea
Dodd — Yea
Ridley-Thomas — Yea
Wagner — Yea
Weber — Yea
Wilk — Yea
Chau — Yea
Atkins — Yea
Chu — Yea
Baker — Yea
Kim — Yea
Linder — Yea
Melendez — Not Voting
Nazarian — Not Voting
Rodriguez — Yea
Steinorth — Yea
Ting — Yea
Wood — Yea
Hadley — Yea
Beth Gaines — Yea
Cristina Garcia — Yea
Eduardo Garcia — Yea
Jim Patterson — Yea
Lorena Gonzalez — Yea
Mark Stone — Yea
Roger Hernández — Yea
Travis Allen — Yea
Arambula, Joaquin Democratic Yea
Bonta, Mia Democratic Yea
Calderon, Lisa Democratic Yea
Gipson, Mike A. Democratic Yea
Irwin, Jacqui Democratic Not Voting
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 13 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 11000
Democratic 1000
Republican 1000
Total 13000
% of votes cast 100%0%0%0%
How each member voted (13)
Member Party Vote
Bigelow — Yea
Gatto — Yea
Chu — Yea
Cooley — Yea
Cooper — Yea
Dababneh — Yea
Daly — Yea
Melendez — Yea
Rodriguez — Yea
Frazier — Yea
Travis Allen — Yea
Calderon, Lisa Democratic Yea
Dahle, Megan Republican Yea

Official roll call →

Subjects

finance 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 1645 do?
Existing law, beginning January 1, 2018, requires, among other things, that a mortgage guaranty insurer limit its coverage to no more than a net of 30% at risk of the entire indebtedness to the insured for the class of insurance that insures against financial loss by reason of nonpayment of principal, interest, and other sums under any evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a first lien or charge on a residential building or a condominium unit or buildings designed for occupancy by not more than 4 families. Existing law, beginning January 1, 2018, also authorizes a mortgage guaranty insurer to extend its coverage for this class of insurance beyond the established limits if the excess is insured by a contract of reinsurance. This bill would delete the above provisions.
Who sponsors AB 1645?
AB 1645 is sponsored by Dababneh.
What is the current status of AB 1645?
This bill has been enacted into law. Introduced January 12, 2016. Enacted.
Where can I track AB 1645?
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