Under The Dome, October 2019

Legislative news for the mortgage banking professional.

OCTOBER 2019

AB 25 California Consumer Privacy Act of 2018 (Chau–D) POSITION: SUPPORT LOCATION: Chaptered 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. I n our final issue of the year (and overall – more on that below), we take a quick look at some of the major mortgage-related issues that the Legislature considered in 2019, including changes to the California Consumer Privacy Act (CCPA) and

rent control. For the most up-to-date information, go to www.CMBA.com and click on “Advocacy” This is not only the last issue of the year, it’s the final issue of Under the Dome! We’ll continue to not only provide you with great advocacy work

and info, but in 2020, the California MBA will begin hosting regular members-only webinars that will include a detailed legislative update. Stay tuned for more details.

AB 846 Customer Loyalty Programs (Burke-D) POSITION: SUPPORT

AB 1035 Personal Information: Data Breaches (Mayes – R) POSITION: OPPOSE LOCATION: 2-Year Bill; Failed Passage SUMMARY: This bill would require a person or business, as defined, that owns or licenses computerized data that includes personal information to disclose a breach of the security of

LOCATION: Inactive File; Failed Passage 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) SUMMARY: This bill would clarify the definition of “personal information” under the California Consumer Privacy Act of 2018. POSITION: SUPPORT LOCATION: Chaptered

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