CA AB2433

Expands Commissioner of Financial Protection and Innovation enforcement authority across multiple financial laws to address both ongoing violations and past violations of state law and regulations.

Modifies Corporate Securities Law, California Commodity Law, Franchise Investment Law, Money Transmission Act, and escrow/check seller regulations to allow commissioner orders when licensees "have conducted" unsafe or injurious business practices, not just when they "are conducting" them.

Updates California Financing Law and Student Loan Servicing Act to permit citations and cease-and-desist orders for both current and past violations, and clarifies procedures for Property Assessed Clean Energy (PACE) program oversight.

Revises California Residential Mortgage Lending Act to authorize discontinuance orders when licensees "have violated" or "have conducted" unsafe practices, with finality determinations made after notice and hearing procedures.

Ensures consistent enforcement procedures across all regulated financial services by allowing immediate effectiveness of orders while requiring final approval only after notice to affected parties and opportunity for administrative hearing.