Under The Dome, August 2019

Legislative news for the mortgage banking professional.

AUGUST 2019

AB 25 California Consumer Privacy Act of 2018 (Chau–D) POSITION: SUPPORT LOCATION: Senate Floor SUMMARY: Existing law, the California Consumer Privacy Act of 2018, beginning January 1, 2020, grants consumers various rights with regard to their personal information held by businesses, including the right to request a business to disclose specific pieces of personal information it has collected. This bill would exclude from the definition of “consumer” a natural person whose personal information has been collected by a business in the course of a person acting as a job applicant or as an employee, contractor, or agent, on behalf of the business, to the extent their personal information is used for purposes compatible with the context of that person’s activities for the business as a job applicant, employee, contractor, or agent of the business. W ith just two weeks of work in the month, due to the Summer Recess, legislative members returned in mid- August to begin the rush to meet the next legislative deadline. August 30 represents the final day for all fiscal

AB 846 Customer Loyalty Programs (Burke-D) POSITION: SUPPORT LOCATION: Senate Floor SUMMARY: The act prohibits a business from discriminating against the consumer for exercising any of the consumer’s rights under the California Consumer Privacy Act of 2018, except that a business may offer a different price, rate, level, or quality of goods or services to a consumer if the differential treatment is reasonably related to value provided to the consumer by the consumer’s data. AB 874 California Consumer Privacy Act of 2018 (Irwin-D) POSITION: SUPPORT LOCATION: Senate Floor SUMMARY: This bill would clarify the definition of “personal information” under the California Consumer Privacy Act of 2018. committees to report bills; any bills with an economic component (nearly all mortgage-related bills typically fall under this) must reach the floor of either the Assembly or Senate to stay on course for passage. Our next issue of Under the Dome will likely

have a host of updates to our key bills, so stay tuned! If you’d like to get more involved in our advocacy efforts, contact the California MBA office at (916) 446-7100.

AB 1035 Personal Information: Data Breaches (Mayes – R) POSITION: NEUTRAL LOCATION: Senate Committee on the Judiciary SUMMARY: This bill would require a person or business, as defined, that owns or licenses computerized data that includes personal information to

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