All Roll Calls
Yes: 121 • No: 38
CaliforniaSB 8252025-2026 Regular SessionSenateWALLET
Consumer loans.
Sponsored By: Timothy Grayson (Democratic), Monique Limón (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Consumer finance rules still cover providers
Everyone else who meets the law’s test for a “covered person” must follow the state’s consumer finance rules. If you offer consumer financial products or services and are not covered by an exemption, you are subject to these requirements. The state Commissioner can still take action under Section 90003 even against firms that are otherwise exempt.
Some banks and lenders are exempt
Some financial firms are exempt from the state’s consumer finance law when they act under another license. Escrow agents; finance lenders and brokers; mortgage originators and servicers; broker‑dealers and investment advisers; check sellers and bill payers; capital access companies; and entities under the Financial Institutions Law are exempt while working under their DFPI licenses. Their employees are also exempt for that licensed work. Banks, credit unions, and similar institutions under federal or other‑state charters, and licensees of other California agencies, are also exempt when acting under those authorities.
Sponsors & Cosponsors
Sponsors
Timothy Grayson
Democratic • Senate
Monique Limón
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 9/10/2025
Item 42 — Assembly AFLOOR
Yes: 59 • No: 19
legislature vote • 8/20/2025
Vote in CX25
Yes: 11 • No: 4
legislature vote • 7/7/2025
Vote in CX27
Yes: 7 • No: 1
Senate vote • 6/3/2025
Item 21 — Senate SFLOOR
Yes: 28 • No: 10
legislature vote • 4/22/2025
Vote in CS53
Yes: 11 • No: 2
legislature vote • 4/2/2025
Vote in CS69
Yes: 5 • No: 2
Actions Timeline
Chaptered by Secretary of State. Chapter 355, Statutes of 2025.
10/6/2025SenateApproved by the Governor.
10/6/2025legislatureEnrolled and presented to the Governor at 11 a.m.
9/22/2025legislatureIn Senate. Ordered to engrossing and enrolling.
9/10/2025SenateRead third time. Passed. (Ayes 59. Noes 19. Page 3171.) Ordered to the Senate.
9/10/2025HouseRead second time. Ordered to third reading.
8/21/2025HouseFrom committee: Do pass. (Ayes 11. Noes 4.) (August 20).
8/20/2025HouseFrom committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 1.) (July 7). Re-referred to Com. on APPR.
7/8/2025HouseJune 23 hearing postponed by committee.
6/17/2025HouseReferred to Com. on B. & F.
6/9/2025HouseIn Assembly. Read first time. Held at Desk.
6/4/2025HouseRead third time. Passed. (Ayes 28. Noes 10. Page 1440.) Ordered to the Assembly.
6/3/2025SenateRead second time. Ordered to third reading.
5/6/2025SenateFrom committee: Be ordered to second reading pursuant to Senate Rule 28.8.
5/5/2025SenateSet for hearing May 5.
4/25/2025SenateFrom committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 2. Page 838.) (April 22). Re-referred to Com. on APPR.
4/23/2025SenateSet for hearing April 22.
4/10/2025SenateFrom committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 2. Page 633.) (April 2). Re-referred to Com. on JUD.
4/3/2025SenateFrom committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F.I.
3/24/2025SenateSet for hearing April 2.
3/18/2025SenateReferred to Coms. on B. & F.I. and JUD.
3/12/2025SenateRead first time.
2/24/2025SenateFrom printer. May be acted upon on or after March 24.
2/24/2025SenateIntroduced. To Com. on RLS. for assignment. To print.
2/21/2025Senate
Bill Text
Chaptered
10/6/2025
Enrolled
9/13/2025
Amended Senate
3/24/2025
Introduced
2/21/2025