Loading chat...
CA AB866
Bill
Status
6/2/2025
Primary Sponsor
Liz Ortega
Click for details
AI Summary
-
Student loan servicers would be explicitly subject to California's Unfair Competition Law (UCL), making them liable for civil penalties for unfair business practices
-
Student loans would be classified as "debt" under the Rosenthal Fair Debt Collection Practices Act, extending debt collection protections to student loan borrowers
-
Transactions creating student loans would qualify as "consumer credit transactions" under the Rosenthal Fair Debt Collection Practices Act
-
Expands existing criminal penalties for debt collection violations to apply to student loan servicing activities
-
No state reimbursement to local agencies required because costs arise only from changes to crime definitions or penalties
Legislative Description
Student loan servicing.
Last Action
In committee: Held under submission.
8/29/2025