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CA AB2236

Bill

Official Source

Status

Introduced

2/18/2010

Primary Sponsor

William Monning

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Requires mortgagees, trustees, beneficiaries, or their authorized agents to include specific contact information on all notices to borrowers regarding missed or late payments
  • Contact information must include the name, address, and telephone number of the person with authority to modify loan terms under state and federal law
  • Applies to notices informing borrowers of failure to make required minimum payments or payments when due
  • Adds Section 2923.2 to the California Civil Code
  • Requires majority vote to pass with no appropriation or fiscal impact

Legislative Description

Mortgages: notices to the borrower.

Last Action

In committee: Set, second hearing. Hearing canceled at the request of author.

5/3/2010

Committee Referrals

Banking and Finance3/11/2010

Full Bill Text

No bill text available