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: 2026-04-13
Official status: April 13 hearing: Placed on APPR. suspense file.
Effective date: Not listed

Plain English Breakdown

The official source material does not provide specific details about the current policies and procedures for protecting personal information or explicitly states that escrow agents are considered consumers.

Escrow Agent Rating Services Law

The law extends existing rules for escrow agent rating services and escrow agents indefinitely, which were set to end on January 1, 2027.

What This Bill Does

Extends the operation of existing provisions applicable to escrow agent rating services and escrow agents beyond their original expiration date.

Who It Names or Affects

Escrow agent rating services
Escrow agents

Terms To Know

escrow agent rating service: A company that rates escrow agents based on their performance and reliability.
escrow agent: An individual or company that holds money or assets in trust for a transaction until all conditions of the agreement are met.

Limits and Unknowns

The bill does not specify new rules, only extends existing ones.
It is unclear what will happen if this law is not passed before January 1, 2027.

Bill History

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

Read the full stored bill text

Download Bill PDF