Politics.AIAssembly BillPassed first houseFinancial
AB 866: Student loan servicing.
What AB 866 does, verified December 7, 2025
This bill adds a new section to the Financial Code, relating to business practices. It subjects student loan servicers to the Unfair Competition Law (UCL) and the Rosenthal Fair Debt Collection Practices Act. This means that student loan servicers can be held liable for unfair competition and must follow the rules of the Rosenthal Act. The bill also clarifies that student loans are considered debts subject to the Rosenthal Act. Additionally, the bill states that no reimbursement is required for this act.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: In committee: Held under submission. (2025-06-02)Alert me
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| Aug. 29, 2025 | In committee: Held under submission. |
| Aug. 18, 2025 | In committee: Referred to suspense file. |
| Jul. 16, 2025 | From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (July 15). Re-referred to Com. on APPR. |
| Jul. 03, 2025 | From committee: Do pass and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (July 2). Re-referred to Com. on JUD. |
| Jun. 11, 2025 | Referred to Coms. on B. & F.I. and JUD. |