BILL ANALYSIS Ó
AB 2562
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Date of Hearing: April 12, 2016
ASSEMBLY COMMITTEE ON VETERANS AFFAIRS
Jacqui Irwin, Chair
AB 2562
(Committee on Veterans Affairs) - As Introduced February 19,
2016
SUBJECT: Military service: benefits
SUMMARY: Deletes references to the date a reservist is called
to active duty, in both the definition of a reservist and the
payment deferral provisions, thereby making the above-described
benefits available to any reservist who otherwise meets the
definition.
EXISTING LAW: Authorizes a reservist, as defined, who is called
to active duty on and after January 1, 2014, to defer payments
on mortgages, credit cards, retail installment accounts and
contracts, real property taxes and assessments, vehicle leases,
and obligations owed to utility companies, for the period of
active duty plus 60 calendar days, or 180 days, whichever is the
lesser, as specified. Also authorizes similar provisions to a
reservist who was called to active duty before January 1, 2014,
as a part of the Iraq and Afghanistan conflicts.
FISCAL EFFECT: Unknown.
COMMENTS:
AB 2562
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According to the author the current wording of the law has
proven to be confusing to financial institutions.
The current wording is a result of drafting to make it
abundantly clear that the status quo would be preserved until
the effective date of AB 236 (Melendez, 2013), which enhanced
certain financial protections for servicemembers.
AB 2562 removes the obsolete section of existing code which
covered the period before January 1, 2014 and removes the
obsolete references to January 1, 2014, since that date has
passed. The obsolete language renders this section confusing.
This bill does not expand the universe of eligible
servicemembers in terms of time or conflict or any other way.
REGISTERED SUPPORT / OPPOSITION:
Support
None on File.
Opposition
None on File.
AB 2562
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Analysis Prepared by:John Spangler / V.A. / (916) 319-3550