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California Bankers Association 151cba7.xsl
2007-2008 Legislation Supported by CBA
AB 588 (De Leon ) Credit history: public utilities.
   This bill requires each interval-billing public utility and interval-billing publicly owned utility, upon receipt of the express written consent of a subscriber to make the subscribers utility service payment history available to a financial institution or consumer credit reporting agency specified by the subscriber.  
  Assigned
Alex Alanis
 Position
Support		 Priority
3
 
AB 1301 (Gaines ) Financial institutions.
   This bill updates and recasts provisions of the Banking Law and the Department of Financial Institutions (DFI), contained in the Financial Code, which have not materially changed since 1951.  
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
AB 1502 (Lieu ) Instructional materials: financial literacy.
   This bill encourages economics instruction to include instruction related to the understanding of personal finances, including budgeting, savings, credit, and identity theft. 
  Assigned
Alex Alanis
 Position
Support		 Priority
3
 
AB 1561 (Calderon, Charles ) Taxation: federal conformity.
   This bill would make numerous substantive changes to both the Personal Income Tax Law and the Corporation Tax Law. 
  Assigned
Jason Lane
 Position
Support		 Priority
3
 
AB 1918 (Niello ) Income taxes: principal residence: mortgage debt forgiveness.
   This measure seeks full state tax conformity to the federal Mortgage Forgiveness Debt Relief Act of 2007 which seeks to relieve the tax liability imposed on borrowers who are successful at negotiating a short sale.  
  Assigned
Kevin Gould
 Position
Support		 Priority
2
 
AB 2123 (Lieu ) California Financial Literacy Initiative.
   This bill establishes the California Financial Literacy Initiative and attempts to improve financial literacy by offering instructional materials to citizens of California. 
  Assigned
Alex Alanis
 Position
Support		 Priority
3
 
AB 2126 (Horton ) Identity theft.
   This bill adds forgery and insurance fraud to the list of offenses where a defendants computer may be subject to forfeiture.  
  Assigned
Alex Alanis
 Position
Support		 Priority
3
 
AB 2642 (Niello ) Unclaimed property.
   This measure extends the dormancy period on unclaimed property from three years to seven before it is required to escheat to the state. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
AB 3013 (Levine ) Judgment liens: continuation.
   The measure seeks to amend the Code of Civil Procedure to conform to a similar UCC process already in place. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
AJR 45 (Coto ) Mortgage loans: federal conforming and FHA mortgage loan limits.
   This measure urges the President and Congress of the United States to permanently increase the federal conforming mortgage loan limit to $729,750. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 303 (Ducheny ) Local government: land use planning.
   This bill requires cities and counties to update their general plans at least every ten years to accommodate a planning period of at least 20 years, expands the housing element planning period from five to ten years, and requires cities and counties to complete any necessary rezonings to meet their housing needs concurrent with adoption of the housing element. 
  Assigned
Yvette Ernst
 Position
Support		 Priority
3
 
SB 685 (Yee ) Pet trusts.
   This bill seeks to clarify the law regarding domestic or pet animal trusts. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 722 (Correa ) Decedents' estates: judgments of conviction: felonious and intentional killings.
   This measure seeks to define the term final judgment of conviction as that term is used in Probate Code Section 254 relating to denial of inheritance of an estate.  
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 972 (McClintock ) Insurance: multiple employer welfare arrangements.
   This measure seeks to allow the creation of new MEWAs under the DOI and specifies the criteria an MEWA must satisfy to qualify for a certificate of compliance. 
  Assigned
Alex Alanis
 Position
Support		 Priority
3
 
SB 1053 (Machado ) Real estate: brokers and salespersons.
   This bill authorizes the Real Estate Commissioner to inspect and examine or audit the business documents and records of a real estate broker or salesperson at any time, without prior notice.  
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 1054 (Machado ) Real estate: brokers and salespersons.
   This bill authorizes the Real Estate Commissioner to censure, suspend, or bar a person from a position of employment, management, or control if it is determined that the action is in the public interest and that the person has committed or caused a violation of the Real Estate Law. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 1055 (Machado ) Taxation: cancellation of indebtedness: mortgage debt forgiveness.
   This measure brings Californias personal income tax laws, as they relate to mortgage debt forgiveness, into conformity with federal tax law. 
  Assigned
Kevin Gould
 Position
Support		 Priority
2
 
SB 1065 (Correa ) Home financing programs.
   This bill allows a city or county that administers a home financing plan to also refinance home mortgages. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 1287 (Hollingsworth ) Local government: records: Riverside County.
   This measure provides a notice mechanism to parties involved in executing a deed in Riverside County. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 1396 (Cox ) Local government: recording fees.
   This measure amends current law to provide additional funding to city and county real estate fraud prevention programs. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 1409 (Ackerman ) Corporations: annual reports.
   This measure makes changes to current law regarding electronic submissions of corporations annual reports and proxy materials to shareholders. 
  Assigned
Kevin Gould
 Position
Support		 Priority
3
 
SB 1421 (Harman ) Trust administration: income and principal.
   This bill is sponsored by CBA and promoted by our Trust and Investment Services Committee in an effort to bring clarity to the Probate Code.  
  Assigned
Kevin Gould
 Position
CBA-Sponsored		 Priority
1
 
SJR 21 (Machado ) Mortgage loans: conforming loan limit.
   Would respectfully memorialize the President and Congress of the United States to enact legislation that would increase the federal conforming loan limit, as specified.  
  Assigned
Kevin Gould
 Position
Support		 Priority
3