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SB-1380 • 2026

Mortgage brokers.

Mortgage brokers.

Children

Passed Legislature

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

Sponsor: Choi
Last action: 2026-03-04
Official status: Referred to Com. on RLS.
Effective date: Not listed

Plain English Breakdown

The official summary does not provide specific details about the nonsubstantive changes made by the bill.

Changes for Mortgage Brokers

The bill makes minor, non-substantive changes to existing laws about mortgage brokers.

What This Bill Does

Makes nonsubstantive changes to the definition and duties of mortgage brokers.

Who It Names or Affects

Mortgage brokers

Terms To Know

Fiduciary: Someone who is legally required to act in the best interest of another person.

Limits and Unknowns

The bill does not change how mortgage brokers work, only makes minor changes to existing rules.
It's unclear what specific nonsubstantive changes are being made without seeing the full text.

Bill History

2026-03-04 California Legislative Information
Referred to Com. on RLS.
2026-02-23 California Legislative Information
Read first time.
2026-02-23 California Legislative Information
From printer. May be acted upon on or after March 23.
2026-02-20 California Legislative Information
Introduced. To Com. on RLS. for assignment. To print.

Official Summary Text

SB 1380, as introduced, Choi.
Mortgage brokers.
Existing law defines mortgage brokers, provides that a mortgage broker who provides brokerage services to a borrower is a fiduciary of that person, and makes a violation of the broker’s fiduciary duties to that person a violation of the broker’s license law.
This bill would make nonsubstantive changes to those provisions.

Current Bill Text

Read the full stored bill text

Download Bill PDF