SB-946 • 2026

Consumer Credit Reporting Agencies Act: escrow agent rating services and escrow agents.

Passed Legislature

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

Sponsor: Seyarto
Last action: 2026-06-01
Official status: Referred to Com. on B. & F.
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 Credit Reporting Agencies Act: escrow agent rating services and escrow agents.

SB 946, as introduced, Seyarto.

What This Bill Does

SB 946, as introduced, Seyarto.
Consumer Credit Reporting Agencies Act: escrow agent rating services and escrow agents.
The Consumer Credit Reporting Agencies Act imposes obligations on consumer credit reporting agencies, users of consumer credit reports, and furnishers of credit information, and establishes remedies for a consumer who suffers damages resulting from a violation of those provisions.
Existing law makes specified provisions of the act applicable to an escrow rating service, as defined, requires an escrow agent rating service to establish policies and procedures to safeguard personally identifiable information obtained from an escrow agent, and provides that an escrow agent is a consumer for purposes of those provisions.

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

2026-06-01 California Legislative Information
Referred to Com. on B. & F.
2026-05-22 California Legislative Information
In Assembly. Read first time. Held at Desk.
2026-05-22 California Legislative Information
Read third time. Passed. (Ayes 33. Noes 0.) Ordered to the Assembly.
2026-05-20 California Legislative Information
Ordered to special consent calendar.
2026-05-14 California Legislative Information
Read second time. Ordered to third reading.
2026-05-14 California Legislative Information
From committee: Do pass. (Ayes 7. Noes 0.) (May 14).
2026-05-08 California Legislative Information
Set for hearing May 14.
2026-04-13 California Legislative Information
April 13 hearing: Placed on APPR. suspense file.
2026-03-27 California Legislative Information
Set for hearing April 13.
2026-03-18 California Legislative Information
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 6. Noes 0. Page 3599.) (March 18). Re-referred to Com. on APPR.
2026-02-24 California Legislative Information
Set for hearing March 18.
2026-02-18 California Legislative Information
Referred to Coms. on B. & F.I. and APPR.
2026-02-03 California Legislative Information
From printer. May be acted upon on or after March 5.
2026-02-02 California Legislative Information
Introduced. Read first time. To Com. on RLS. for assignment. To print.

Official Summary Text

SB 946, as introduced, Seyarto.
Consumer Credit Reporting Agencies Act: escrow agent rating services and escrow agents.
The Consumer Credit Reporting Agencies Act imposes obligations on consumer credit reporting agencies, users of consumer credit reports, and furnishers of credit information, and establishes remedies for a consumer who suffers damages resulting from a violation of those provisions.
Existing law makes specified provisions of the act applicable to an escrow rating service, as defined, requires an escrow agent rating service to establish policies and procedures to safeguard personally identifiable information obtained from an escrow agent, and provides that an escrow agent is a consumer for purposes of those provisions. Existing law repeals those provisions of the act applicable to escrow agent rating services and escrow agents on January 1, 2027.
This bill would extend the operation of those provisions
indefinitely.

Current Bill Text

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