SB 1131: Debt collection.

Official summary

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

The Debt Collection Licensing Act generally regulates the business of debt collection and prohibits a person from engaging in the business of debt collection in this state without first obtaining a license pursuant to the act. The act prescribes the duties and powers of the Commissioner of Financial Protection and Innovation, which include conducting prescribed examinations as often as the commissioner deems necessary and appropriate, and authorizing the commissioner to conduct those examinations electronically, as specified. The act also establishes the Debt Collection Advisory Committee to advise the commissioner on matters relating to debt collection or the debt collection business, as specified.

This bill would require the commissioner to conduct examinations remotely unless an onsite examination is considered necessary for the protection of the public, as specified. The bill would also rename the Debt Collection Advisory Committee as the Debt Collection Advisory Board, require the commissioner to request the advice of the board before the initial publication or adoption of fee schedules or a proposed regulation, except as specified, and exempt the board from the Bagley-Keene Open Meeting Act.

Existing constitutional provisions require that a statute that limits the right of access to the meetings of public bodies or the writings of public officials and agencies be adopted with findings demonstrating the interest protected by the limitation and the need for protecting that interest.

This bill would make legislative findings to that effect.

Sponsors

Sponsors by party (alphabetical): Republican 1

“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. May 14, 2026May 14 hearing: Held in committee and under submission.
2. May 8, 2026Set for hearing May 14.
3. April 27, 2026April 27 hearing: Placed on APPR. suspense file.
4. April 17, 2026Set for hearing April 27.
5. April 15, 2026From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3898.) (April 15). Re-referred to Com. on APPR.
6. April 9, 2026Set for hearing April 15.
7. April 8, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.
8. April 8, 2026Re-referred to Com. on B. & F.I.
9. March 23, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
10. February 26, 2026Referred to Com. on RLS.
11. February 18, 2026From printer. May be acted upon on or after March 20.
12. February 17, 2026Introduced. Read first time. To Com. on RLS. for assignment. To print.