California bills · 2025-2026 Regular Session
California AB 743
California Financing Law: lawsuit financiers.
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Michelle Rodriguez (Democratic)
Cosponsors (1)
- Nguyen (Democratic)
Summary
Official abstract published by the California legislature· summary
The California Financing Law generally regulates the business of finance lenders and brokers and prohibits any person from engaging in those businesses without obtaining a license from the Commissioner of Financial Protection and Innovation. The law also imposes various requirements on licensees who offer or sell commercial loans, as defined.
This bill would prohibit a person from engaging in the business of lawsuit financing, as defined, without obtaining a license from the commissioner, and would generally regulate the business of lawsuit financiers, as specified. The bill would require a licensee who is a lawsuit financier, as defined, to maintain a surety bond, as prescribed. The bill would include lawsuit financing in the definition of "commercial loan." The bill would make willful violations of the California Financing Law by a licensee who is a lawsuit financier subject to a civil penalty, as specified.
Text versions
- 05/05/25 - Amended Assembly· May 5, 2025
- 03/24/25 - Amended Assembly· Mar 24, 2025
- 02/18/25 - Introduced· Feb 18, 2025
- AB743
Roll-call votes
State vote data last updated Oct 15, 2026, 8:04 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Jun 2, 2025 House | AB 743 Michelle Rodriguez Assembly Third Reading | pass | Set your home in California to see |
| May 23, 2025 House | Do pass. | pass | Set your home in California to see |
| Apr 28, 2025 House | Do pass as amended and be re-referred to the Committee on [Appropriations] | pass | Set your home in California to see |
Actions
- Jul 1, 2025 · Senate
In committee: Set, first hearing. Hearing canceled at the request of author. - Jun 11, 2025 · Senate
Referred to Coms. on B. & F.I. and JUD. - Jun 3, 2025 · Senate
In Senate. Read first time. To Com. on RLS. for assignment. - Jun 2, 2025 · House
Read third time. Passed. Ordered to the Senate. (Ayes 79. Noes 0. Page 1850.) - May 27, 2025 · House
Read second time. Ordered to third reading. - May 23, 2025 · House
From committee: Do pass. (Ayes 14. Noes 0.) (May 23). - May 14, 2025 · House
In committee: Set, first hearing. Referred to APPR. suspense file. - May 6, 2025 · House
Re-referred to Com. on APPR. - May 5, 2025 · House
Read second time and amended. - May 1, 2025 · House
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 28). - Apr 28, 2025 · House
Joint Rule 62(a) suspended. (Page 1307.) - Mar 25, 2025 · House
Re-referred to Com. on B.&F. - Mar 24, 2025 · House
From committee chair, with author's amendments: Amend, and re-refer to Com. on B.&F. Read second time and amended. - Mar 24, 2025 · House
Referred to Com. on B.&F. - Feb 19, 2025 · House
From printer. May be heard in committee March 21. - Feb 18, 2025 · House
Read first time. To print.