Last Update 12/05/05

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SUMMARY

Please note that the date of the entry is when it was placed on this site...not necessarily when it actually happened!

8/14/03 - SB 898 Perata (Chapter 777). Check Cashers. This bill, effective March 1, 2004 transfers the regulation of deferred deposit transactions (also known as payday advances) from the Civil Code (as administered by the State Department of Justice) to the Financial Code (as administered by the State Department of Corporations), and makes other substantive changes to the licensing and regulation of persons engaging in the business of making deferred deposit transactions.

5/11/99 - The following information was provided by the California Financial Service Providers:

Payday Advance Industy in California
Payday Advance Fees
Payday Advance Process
California's Law Regulating Payday Advances
Proposed Law - Senator Perata's SB 834
Proposed Law - Assembly Member Ellen Corbett's AB 425

CALIFORNIA STATE WEBSITE

CA - This link points directly to the California Department of Financial Institutions