CAL LEG Physician Loan Repayment


On Sep. 4, CAL LEG passed bill on physician loan repayment program.


  • CAL LEG passed bill SB 909 to update the Steven M. Thompson physician corps loan repayment program, amends CAL LEG 107-3-5-5-128551, CAL LEG 107-3-5-5-128552
  • Also amends CAL LEG 107-3-5-5-128553, as well as CAL LEG 107-3-5-5-128555.
  • Bill Provisions
  • Removes requirement for Department of health care access and information to establish advisory committee, update definition of setting where physician practices.
  • Decreases the service obligation to 2 years in a medically underserved area.
  • Authorizes department to create additional positions, not using funds from account, for applicants from specialties outside of primary specialties, not subject to the 20% limit.
  • Removes maximum limit for loan repayments per physician that may be provided to program participant who completed 3 years of services in medically underserved area.
  • Expands money authorization amount for Medically underserved account for physicians
  • Legislative History
  • On Jan. 8, 2024, bill introduced in the Senate; on May 22, 2024, bill passed Senate.
  • On May 23, 2024, bill introduced in Assembly; on Aug. 18, 2024, bill passed Assembly.
  • On Sep. 4, 2024, bill was enrolled, and presented to the governor for actioning.
  • Effectiveness
  • If enacted, bill SB 909 will become effective as of Jan. 1, 2025.
  • Sep. 26, 2024 CAL LEG Governor Approval
  • On Sep. 26, 2024, CAL LEG reported SB 909 signed by governor, assigned Ch. 594.

Regulators CAL LEG
Entity Types CNSM; Servicer
Reference Ch. 594, 9/26/2024; Bill, SB909, 9/4/2024; Citation: *CAL LEG* 107-3-5-5-128551, 107-3-5-5-128552, 107-3-5-5-128553, 107-3-5-5-128555;
Functions Compliance; Financial; Legal; Product Administration; Resolution
Countries United States of America
Category
State
Products Corporate; Education; Loan
Regions Am
Rule Type Final
Rule Date 9/4/2024
Effective Date 1/1/2025
Rule Id 224935
Linked to N/A
Reg. Last Update 9/26/2024
Report Section US Consumer

Last substantive update on 10/01/2024