BILL NUMBER: AB 129	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Dickinson

                        JANUARY 15, 2013

   An act to amend Section 22201 of the Financial Code, relating to
finance lenders.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 129, as introduced, Dickinson. Finance lenders.
   Existing law, the California Finance Lenders Law, provides for the
licensure and regulation by the Commissioner of Corporations of
those engaged in making consumer loans, as defined, and makes a
willful violation of its provisions a misdemeanor. Existing law
defines the term charges for purposes of regulating consumer loans
under the California Finance Lenders Law.
   This bill would make a nonsubstantive change to these provisions.

   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 22201 of the Financial Code is amended to read:

   22201.  "Charges" include any profit or advantage of any kind that
a licensee may contract for, collect, receive, or obtain by a
collateral sale, purchase, or agreement, in connection with
negotiating, arranging, making, or  otherwise  
other act  in connection with any loan.