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CA AB2350
Bill
Status
2/19/2026
Primary Sponsor
Tina McKinnor
Click for details
AI Summary
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Prohibits residential property owners from making loans to tenants for the purpose of paying rent or other lease obligations, including "rent split loan agreements"
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Prohibits licensed finance lenders, brokers, and program administrators from making consumer loans intended to pay residential rental obligations
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Violations by licensed lenders constitute a crime under the California Financing Law, which criminalizes willful violations of its provisions
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Enforcement authority granted to affected individuals, the Commissioner of Financial Protection and Innovation, and the Attorney General
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Adds Section 1950.3 to the Civil Code and Section 22348 to the Financial Code
Legislative Description
Consumer loans: residential real property rental obligations.
Last Action
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
3/16/2026