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CA SB1361

Bill

Status

Passed

9/22/2018

Primary Sponsor

Steven Bradford

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Origin

Senate

2017-2018 Session

AI Summary

  • Deletes prohibition on disclosing Department of Business Oversight records and requires the Commissioner to publish all final orders issued under specified Financial Code sections on the department's Internet website.

  • Allows the Commissioner to delay publication of final orders for a reasonable time if publication would threaten the safety or soundness of a regulated institution.

  • Permits the Commissioner to redact customer-identifying information from published final orders prior to publication.

  • Amends electronic filing verification requirements so that identity verification satisfies all other verifications required by the Commissioner.

  • Requires licensees to establish and maintain an electronic service address for receiving communications from the Commissioner, notify the Commissioner before changing the address, and provides fines up to $50 per day (not exceeding $1,000) for failure to comply.

Legislative Description

Department of Business Oversight: administration.

Last Action

Chaptered by Secretary of State. Chapter 699, Statutes of 2018.

9/22/2018

Committee Referrals

Banking and Financial Institutions8/21/2018
Rules8/20/2018
Appropriations6/19/2018
Banking and Finance5/10/2018
Appropriations4/19/2018
Banking and Financial Institutions4/4/2018
Rules2/16/2018

Full Bill Text

No bill text available