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Bankers tell Senate bill AB 130 could make home‑equity financing riskier for small business borrowers
California State Senate Committee on Minority Economic Development · December 2, 2025
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Summary
Bank of America and other bankers told the committee that provisions in AB 130 touching second-lien home‑equity lines of credit could raise compliance and collateral risks, and urged follow-up meetings with industry and legislative staff.
At the Senate’s Committee on Minority Economic Development hearing, Bank of America’s Los Angeles market president, Raul Anaya, told members that home-equity lines of credit (HELOCs) are a common way entrepreneurs tap startup or growth capital and that AB 130’s provisions…
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