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Key Votes

AB 1830 - Mortgage Lending Reform - Key Vote

California Key Votes

Doug LaMalfa voted Nay (Passage) on this Legislation.

Read statements Doug LaMalfa made in this general time period.




Stage Details

Legislation - Vetoed (Executive) -

Title: Mortgage Lending Reform

Legislation - Bill Sent To Committee (Senate) -
Legislation - Bill Passed (House) (46-28) - (Key vote)

Title: Subprime Lending Regulations

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that creates new regulations related to subprime lending.

-Defines "licensed person" as a real estate broker, a finance lender or broker, a residential mortgage lender, a commercial or industrial bank, a savings association, or a credit union that is licensed under applicable laws (Sec. 2). -Provides that a licensed person shall not originate a subprime loan unless he or she "reasonably" believes that the borrower will be able to make the scheduled loan payments, real estate tax payments, and insurance payments associated with the loan (Sec. 3). -Prohibits prepayment fees or penalties for subprime loans (Sec. 3). -Mandates that a person originating a subprime loan shall not refinance a consumer loan into a new loan that does not result in a reasonable net tangible benefit to the borrower (Sec. 3). -Prohibits negative amortization provisions in subprime loans (Sec. 3). -Prohibits a licensed person from steering, counseling, or directing a borrower towards a loan with rates, charges, principal amount, or prepayment terms that are more costly than that for which the borrower qualifies (Sec. 3). -Prohibits a licensed person from receiving any direct or indirect incentive compensation, including a yield spread premium, for originating a subprime loan with interest higher than the wholesale par rate for which the borrower qualifies (Sec. 3). -Specifies penalties for violating lending regulations, including suspension or loss of license, administrative penalties of up to $10,000, and civil penalties or civil liability of up to $25,000 (Secs. 5-7).
Legislation - Introduced (House) -

Title: Subprime Lending Regulations


  • Karen Bass (CA - D) (Out Of Office)
  • Ted W. Lieu (CA - D) (Out Of Office)
  • Lois Wolk (CA - D) (Out Of Office)


  • Juan Arambula (CA - I) (Out Of Office)
  • James T. 'Jim' Beall Jr. (CA - D) (Out Of Office)
  • Patty Berg (CA - D) (Out Of Office)
  • Julia Brownley (CA - D) (Out Of Office)
  • Anna M. Caballero (CA - D) (Out Of Office)
  • Wilmer Amina Carter (CA - D) (Out Of Office)
  • Joe Coto (CA - D) (Out Of Office)
  • Mike Davis (CA - D) (Out Of Office)
  • Kevin de Leon (CA - D) (Out Of Office)
  • Mark DeSaulnier (CA - D) (Out Of Office)
  • Mervyn M. Dymally (CA - D) (Out Of Office)
  • Mike Eng (CA - D) (Out Of Office)
  • Mike Feuer (CA - D) (Out Of Office)
  • Cathleen Galgiani (CA - D) (Out Of Office)
  • Loni Hancock (CA - D) (Out Of Office)
  • Mary Hayashi (CA - D) (Out Of Office)
  • Jared William Huffman (CA - D) (Out Of Office)
  • Dave Jones (CA - D) (Out Of Office)
  • Betty Karnette (CA - D) (Out Of Office)
  • Paul Krekorian (CA - D) (Out Of Office)
  • John S. Laird (CA - D) (Out Of Office)
  • Mark R. Leno (CA - D) (Out Of Office)
  • Lloyd E. Levine (CA - D) (Out Of Office)
  • Fiona Ma (CA - D) (Out Of Office)
  • Tony Mendoza (CA - D) (Out Of Office)
  • Eugene R. 'Gene' Mullin (CA - D) (Out Of Office)
  • Pedro Nava (CA - D) (Out Of Office)
  • Fabian Núñez (CA - D) (Out Of Office)
  • Curren De Mille Price Jr. (CA - D) (Out Of Office)
  • Ira Ruskin (CA - D) (Out Of Office)
  • Mary Casillas Salas (CA - D) (Out Of Office)
  • Lori Saldaña (CA - D) (Out Of Office)
  • Jose Solorio (CA - D) (Out Of Office)
  • Sandré R. Swanson (CA - D) (Out Of Office)
  • Alberto Torrico (CA - D) (Out Of Office)
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