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Bills

SB 706: Consumer debt: charged-off debts.

  • Session Year: 2025-2026
  • House: Senate

Current Status:

In Progress

(2025-04-23: April 30 hearing postponed by committee.)

Introduced

First Committee Review

First Chamber

Second Committee Review

Second Chamber

Enacted

Version:

Existing law places various requirements on, and prohibits certain actions by, debt buyers with respect to charged-off consumer debts.

This bill would prohibit a charged-off consumer debt from being sold or assigned more than one year after the debt was charged off. The bill would require a charge-off creditor to notify the consumer when the creditor sells or assigned a charged-off consumer debt to a debt buyer.

Existing law prescribes various time periods for the commencement of actions other than for the recovery of real property, including within 4 years for an action upon any contract, obligation, or liability founded upon an instrument in writing, as specified.

This bill would prohibit an action from being brought to recover a charged-off consumer debt on or after the date that is the earliest of specified dates. The bill would prohibit a debt buyer from bringing an action to recover a charged-off consumer debt after one year from the date the debt was charged off.

Existing law requires the Secretary of Food and Agriculture to contract with the Regents of the University of California for its School of Veterinary Medicine to establish and operate the California Animal Health and Food Safety Laboratory. Existing law requires the laboratory system to be headed by a director appointed by the Dean of the School of Veterinary Medicine, as specified, and to test, examine, and make diagnoses of infectious, nutritional, toxic, metabolic, and other diseases of domestic animals.This bill would state the intent of the Legislature to enact subsequent legislation to enhance support for the Tulare Laboratory of the California Animal Health and Food Safety Laboratory System and the Avian Health Program administered by the Department of Food and Agriculture to ensure robust disease surveillance, early detection, and timely responses to avian health threats, thereby protecting Californias poultry industry, public health, and agricultural economy.

Discussed in Hearing

Senate Standing Committee on Judiciary25MIN
Apr 22, 2025

Senate Standing Committee on Judiciary

View Older Hearings

News Coverage:

SB 706: Consumer debt: charged-off debts. | Digital Democracy