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CA AB2024
Bill
Status
Introduced
2/17/2010
Primary Sponsor
Robert Blumenfield
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AI Summary
- Requires lenders or servicers that reject a loan modification request to send notification to the borrower within 7 days by certified mail
- Notification must specifically state the reasons why the loan modification request was rejected
- Documents provided under this requirement must comply with Section 1632 (relating to document formatting and language requirements)
- Applies to any lender or servicer handling loan modification requests
Legislative Description
Loan modification.
Last Action
In committee: Set, final hearing. Hearing canceled at the request of author.
5/3/2010
Committee Referrals
Banking and Finance3/4/2010
Full Bill Text
No bill text available