BILL ANALYSIS                                                                                                                                                                                                    Ó



                                                                    AB 2562


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          ASSEMBLY THIRD READING


          AB  
          2562 (Committee on Veterans Affairs)


          As Introduced  February 19, 2016


          Majority vote


           ------------------------------------------------------------------ 
          |Committee       |Votes|Ayes                  |Noes                |
          |                |     |                      |                    |
          |                |     |                      |                    |
          |                |     |                      |                    |
          |----------------+-----+----------------------+--------------------|
          |Veterans        |9-0  |Irwin, Chávez,        |                    |
          |Affairs         |     |Achadjian, Alejo,     |                    |
          |                |     |Brown, Daly, Frazier, |                    |
          |                |     |Mathis, Salas         |                    |
          |                |     |                      |                    |
          |                |     |                      |                    |
           ------------------------------------------------------------------ 


          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,  








                                                                    AB 2562


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          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:  According to the author, the current wording of the  
          law is 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 526 (Melendez), Chapter 236, Statutes  
          of 2013, which enhanced certain financial protections for  
          servicemembers. 


          This bill 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.  




          Analysis Prepared by:                                             
                          John Spangler / V.A. / (916) 319-3550  FN:  
          0002748













                                                                    AB 2562


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