California · 2025–26 Regular Session · Assembly Bill
AB 2350: Consumer loans: residential real property rental payments.
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
AB 2350 is a assembly bill introduced in the California Assembly on February 19, 2026. According to its official title, it concerns: Consumer loans: residential real property rental payments. Primary sponsor: Tina McKinnor (D). Most recent recorded action (June 11, 2026): In committee: Hearing postponed by committee.
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.
The California Financing Law (CFL) generally regulates consumer loan lending practices by finance lenders, brokers, and program administrators. The CFL makes a willful violation of its provisions a crime.
This bill would prescribe requirements on loans provided to consumers for the purpose of advancing residential real property rent payments for certain finance lenders and servicers, including prohibiting more than 2 installment payments for the loans, specifying the amount that may be charged for late fees, prescribing disclosure requirements, and prohibiting advertising 0% APR for the loan unless specified conditions are met. By expanding the scope of a crime under the CFL, this bill would impose a state-mandated local program.
The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.
This bill would provide that no reimbursement is required by this act for a specified reason.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Tina McKinnor | Primary sponsor | Democratic | Assembly | 61 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- In committee: Hearing postponed by committee.
- Referred to Coms. on B. & F.I. and JUD.
- In Senate. Read first time. To Com. on RLS. for assignment.
- Read third time. Passed. Ordered to the Senate. (Ayes 52. Noes 14. Page 5180.)
- Read second time. Ordered to third reading.
- From committee: Do pass. (Ayes 10. Noes 3.) (May 6).
- Re-referred to Com. on APPR.
- Read second time and amended.
- From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 23).
- In committee: Hearing postponed by committee.
- Re-referred to Com. on B. & F.
- From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.