On Aug. 23, CAL LEG passed bill on resources for domestic abuse.
CAL LEG passed bill AB 2422 , to make available online resources re financial abuse of victims of domestic violence for the purpose of protecting survivors’ assets, resources.
Add Chapter 11, staring at Section 900, to Division 1 of Financial code, CAL FIN 1-11.
Bill Provisions
Requires CAL DFPI, on or before Jan. 1, 2027, to make available to financial institutions general public resources on financial abuse of victims of domestic violence.
Authorize department to utilize existing internet websites, links, and other online resources in order the meet the requirement to make the online resources available.
Does not require financial institutions using online information by department to become mandated reporters of domestic violence; resources to be reviewed annually.
Legislative History
On Feb. 13, 2024, bill introduced in Assembly; on May 2, 2024, bill passed Assembly.
On May 2, 2024, bill was delivered to Senate; on Jun. 20, 2024, bill passed in Senate.
On Jun. 20, 2024, bill returned to Assembly; on Aug. 15, 2024, amendment concurred.
On Aug. 23, 2024, bill was enrolled and was delivered to governor for signature/veto.
Effectiveness
If enacted, bill will become effective as of Jan. 1, 2025.
Sep. 2024 CAL LEG Governor Approval
On Sep. 27, 2024, CAL LEG governor approved bill AB2422 and assigned Ch. 650.
Regulators
CAL LEG
Entity Types
Bank; CNSM
Reference
Ch. 650, 9/27/2024; Bill AB2422, 8/23/2024; Citation: CAL FIN 1;
