CaliforniaCalifornia would send unclaimed vehicle sale proceeds to the Controller
Starting January 1, 2030, people could file claims for lien sale proceeds after three years, while the DMV must transfer remaining funds to the Controller.
What it does
People claiming an interest in a vehicle could still seek lien sale proceeds after three years. The DMV must send any funds left in the account at that point to the Controller as unclaimed property.
Argument forPeople who miss the three-year filing deadline could still seek money they are owed, since the bill removes that cutoff for DMV claims.
Argument againstClaimants may face an extra step to recover money after it moves from the Motor Vehicle Account to the Controller as unclaimed property.
More detail
The Department of Motor Vehicles must send remaining lien sale proceeds to the Controller as unclaimed property. This covers lien sale proceeds forwarded to the DMV and deposited in the Motor Vehicle Account, unless federal law requires a different use of the funds. A person may claim an interest in the vehicle, but the DMV must determine that the person is entitled to payment. The transfer covers funds still in the Motor Vehicle Account three years after deposit. The change would take effect January 1, 2030. The DMV must transfer remaining funds three years after they are deposited in the Motor Vehicle Account.
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 30In Senate. Consideration of Governor's veto pending.Latest
- Sep 30Vetoed by the Governor Gavin Newsom.Major
- Aug 28Enrolled and presented to the Governor at 11 a.m.To Governor
- Aug 24Assembly amendments concurred in. (Ayes 40. Noes 0. Page 5687.) Ordered to engrossing and enrolling.Major
- Vote recorded Unfinished Business SB1029 Seyarto et al. Concurrence. Result: pass.Upper
- Aug 20In Senate. Concurrence in Assembly amendments pending.
- Vote recorded SB 1029 Seyarto Senate Third Reading By Davies. Result: pass.Lower
- Aug 20Read third time. Passed. (Ayes 76. Noes 0. Page 6304.) Ordered to the Senate.Passed Assembly
- Aug 17Read second time. Ordered to third reading.Minor
- Aug 13Read second time and amended. Ordered to second reading.Major
- Vote recorded Do pass as amended. Result: pass.Lower
- Aug 13From committee: Do pass as amended. (Ayes 11. Noes 0.) (August 13).Major
- Aug 13Assembly Rule 63 suspended.
- Aug 5August 5 set for first hearing. Placed on suspense file.
- Jun 30From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 15. Noes 0.) (June 29). Re-referred to Com. on APPR.Minor
- Jun 29
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar. Result: pass.Lower
- Jun 23From committee with author's amendments. Read second time and amended. Re-referred to Com. on TRANS.Major
- Jun 1Referred to Com. on TRANS.Minor
- May 22In Assembly. Read first time. Held at Desk.Minor
- Vote recorded Special Consent SB1029 Seyarto et al. Result: pass.Upper
- May 22Read third time. Passed. (Ayes 33. Noes 0. Page 4418.) Ordered to the Assembly.Passed Senate
- May 20Ordered to special consent calendar.
- May 14Read second time. Ordered to third reading.Minor
- Vote recorded Do pass. Result: pass.Upper
- May 14From committee: Do pass. (Ayes 7. Noes 0. Page 4262.) (May 14).Minor
- May 8Set for hearing May 14.
- Apr 27April 27 hearing: Placed on APPR. suspense file.
- Vote recorded Placed on suspense file. Result: pass.Upper
- Apr 17Set for hearing April 27.
- Apr 15From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 12. Noes 0. Page 3873.) (April 14). Re-referred to Com. on APPR.Minor
- Apr 14
- Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar. Result: pass.Upper
- Mar 26Set for hearing April 14.
- Feb 18Referred to Com. on TRANS.Minor
- Feb 11From printer. May be acted upon on or after March 13.
- Feb 10Introduced. Read first time. To Com. on RLS. for assignment. To print.Introduced
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