Skip to main content
Independent and nonpartisan. SaveYourState is a civic information resource. It is not a government website and is not affiliated with any government agency, party, or campaign.

California · 2025–26 Regular Session · Assembly Bill

AB 1507: Financial institutions.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

AB 1507 is a assembly bill introduced in the California Assembly on February 27, 2025. According to its official title, it concerns: Financial institutions. Primary sponsor: Committee on Banking and Finance. Most recent recorded action (July 28, 2025): Chaptered by Secretary of State - Chapter 71, Statutes of 2025.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

(1)Existing law, the Money Transmission Act, generally regulates money transmission businesses. The act requires each licensee or agent to prominently post on the premises of each branch office that conducts money transmission a specified notice.

This bill would change the contact information required to be provided in that notice.

(2)Existing law, the California Deferred Deposit Transaction Law, generally regulates the offering, originating, and making of deferred deposit transactions. Existing law required a report regarding the implementation of that law to be submitted to the Governor and the Legislature on December 1, 2007, as specified.

This bill would repeal that reporting provision.

Sponsors

NameRolePartyChamberDistrict
Committee on Banking and FinancePrimary sponsorNot applicable (committee)Assembly—

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Chaptered by Secretary of State - Chapter 71, Statutes of 2025.
  2. Approved by the Governor.
  3. Enrolled and presented to the Governor at 3:30 p.m.
  4. In Assembly. Ordered to Engrossing and Enrolling.
  5. Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0. Page 2042.).
  6. Read second time. Ordered to Consent Calendar.
  7. From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (July 2).
  8. In committee: Hearing postponed by committee.
  9. Referred to Com. on B. & F.I.
  10. In Senate. Read first time. To Com. on RLS. for assignment.
  11. Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 1520.)
  12. Read second time. Ordered to Consent Calendar.

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page