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Assembly committee advances Durazo bill to curb predatory door-to-door home-improvement financing (SB 784)
Summary
SB 784, by Sen. Durazo, cleared the Assembly Banking and Finance Committee with major amendments including a lender-liability concession and measures to protect homeowners from paying for incomplete or nonoperational home improvements financed at the door.
The Assembly Banking and Finance Committee on Oct. 26 passed SB 784, a Durazo-authored bill that aims to curb predatory door-to-door financing for home improvements by requiring lender-borrower confirmation, improving document access and disclosure of dealer fees, and extending cancellation rights when work is not complete or operational.
Sen. Durazo said she negotiated a "major compromise" with solar industry stakeholders and conceded a lender-liability provision previously central to the bill. "The goal is to put some simple guardrails around a niche industry that has been operating in the shadows for too long," she said, describing repeated complaints about…
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