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Existing law places various requirements on, and prohibits certain actions by, debt buyers with respect to charged-off consumer debts. This bill would prohibit a charged-off consumer debt from being sold or assigned more than one year after the debt was charged off. The bill would require a charge-off creditor to notify the consumer when the creditor sells or assigned a charged-off consumer debt to a debt buyer. Existing law prescribes various time periods for the commencement of actions other than for the recovery of real property, including within 4 years for an action upon any contract, obligation, or liability founded upon an instrument in writing, as specified. This bill would prohibit an action from being brought to recover a charged-off consumer debt on or after the date that is the earliest of specified dates. The bill would prohibit a debt buyer from bringing an action to recover a charged-off consumer debt after one year from the date the debt was charged off.
Introduced
Feb 21, 2025
Last Action
Feb 2, 2026
Session
CA 20252026
Sponsors
1 primary · 0 co
Returned to Secretary of Senate pursuant to Joint Rule 56.
April 30 hearing postponed by committee.
April 22 set for first hearing. Failed passage in committee. (Ayes 1. Noes 2. Page 837.) Reconsideration granted.
Set for hearing April 30 in B. & F.I. pending receipt.
Set for hearing April 22.
Re-referred to Coms. on JUD. and B. & F.I.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
Referred to Com. on RLS.
Read first time.
From printer. May be acted upon on or after March 24.
Introduced. To Com. on RLS. for assignment. To print.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Returned to Secretary of Senate pursuant to Joint Rule 56.