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CA SB1380
Bill
Status
Introduced
2/20/2026
Primary Sponsor
Steven Choi
Click for details
AI Summary
- Makes nonsubstantive technical changes to California Civil Code Section 2923.1 regarding mortgage broker fiduciary duties
- Replaces gendered language "his or her" with "the broker's" when referring to a mortgage broker's economic interest
- Updates statutory references, changing "California Finance Lenders Law" to "California Financing Law" and "Banking Law" to "Financial Institutions Law"
- Changes "any violation" to "a violation" in describing breaches of fiduciary duties
- Preserves existing requirement that mortgage brokers act as fiduciaries who must place borrowers' economic interests ahead of their own
Legislative Description
Mortgage brokers.
Last Action
Referred to Com. on RLS.
3/4/2026
Committee Referrals
Rules2/20/2026
Full Bill Text
No bill text available