AB-2350 • 2026

Consumer loans: residential real property rental payments.

Crime Education Housing

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: McKinnor
Last action: 2026-06-11
Official status: In committee: Hearing postponed by committee.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Consumer loans: residential real property rental payments.

AB 2350, as amended, McKinnor.

What This Bill Does

AB 2350, as amended, McKinnor.
Consumer loans: residential real property rental obligations.
payments.
The California Financing Law (CFL) generally regulates consumer loan lending practices by finance lenders, brokers, and program administrators.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-11 California Legislative Information
In committee: Hearing postponed by committee.
2026-06-03 California Legislative Information
Referred to Coms. on B. & F.I. and JUD.
2026-05-21 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2026-05-21 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 52. Noes 14. Page 5180.)
2026-05-07 California Legislative Information
Read second time. Ordered to third reading.
2026-05-06 California Legislative Information
From committee: Do pass. (Ayes 10. Noes 3.) (May 6).
2026-04-29 California Legislative Information
Re-referred to Com. on APPR.
2026-04-28 California Legislative Information
Read second time and amended.
2026-04-27 California Legislative Information
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0.) (April 23).
2026-04-06 California Legislative Information
In committee: Hearing postponed by committee.
2026-04-06 California Legislative Information
Re-referred to Com. on B. & F.
2026-03-26 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
2026-03-17 California Legislative Information
Re-referred to Com. on B. & F.
2026-03-16 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
2026-03-16 California Legislative Information
Referred to Coms. on B. & F. and JUD.
2026-02-20 California Legislative Information
From printer. May be heard in committee March 22.
2026-02-19 California Legislative Information
Read first time. To print.

Official Summary Text

AB 2350, as amended, McKinnor.
Consumer loans: residential real property rental
obligations.
payments.
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
prohibit finance lenders, brokers, and program administrators from making a consumer loan if a purpose of the loan is to pay for any obligation under an agreement to rent residential real property,
including, but not limited to, a rent split loan agreement, as specified.
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.

Current Bill Text

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