SB 825: Consumers: financial protection.

This bill aims to amend the California Consumer Financial Protection Law to clarify the exemption for licensed escrow agents and finance lenders. The exemption currently prohibits the commissioner from enforcing provisions related to deceptive or abusive acts or practices against these individuals or employees. However, the bill seeks to change this, allowing the commissioner to use the authority provided by the law to enforce these provisions. The goal is to ensure that these individuals and employees are held accountable for any wrongdoing, while still respecting the authority granted by their licenses and certifications.