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Bills

SB 546: Collection Licensing Act: exceptions: billing agents.

  • Session Year: 2025-2026
  • House: Senate
  • Latest Version Date: 2026-06-11

Current Status:

In Progress

(2026-08-06: Read second time. Ordered to third reading.)

Introduced

In Committee

Awaiting First Chamber Vote

Passed First Chamber

In Committee

Awaiting Second Chamber Vote

Passed Second Chamber

Enacted

Version:

The Debt Collection Licensing Act generally regulates the business of debt collection and prohibits a person from engaging in the business of debt collection in this state without first obtaining a license pursuant to the act. The act provides that it does not apply to certain institutions and persons.

This bill would provide that the act does not apply to billing agents, except as specified.

Existing law establishes the California Financial Literacy Fund in the State Treasury for the purpose of enabling partnerships with the financial services community and governmental and nongovernmental stakeholders to improve financial literacy within the state. Existing law requires the fund to be administered by the Controller, who is authorized, among other things, to deposit private donations into the fund, as specified. Existing law requires those moneys to be made available upon appropriation in the annual Budget Act, and requires the Controller to report annually to the Legislature on the use of those moneys appropriated from the fund, as specified. This bill would repeal those provisions.

Discussed in Hearing

Assembly Standing Committee on Banking and Finance6MIN
Jun 22, 2026

Assembly Standing Committee on Banking and Finance

View Older Hearings

News Coverage:

SB 546: Collection Licensing Act: exceptions: billing agents. | Digital Democracy