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CA AB2325

Bill

Status

Passed

9/30/2010

Primary Sponsor

Ted Lieu

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Expands the definition of "foreclosure consultant services" to include arranging or attempting to arrange audits of obligations secured by liens on residences in foreclosure.

  • Requires any person arranging or attempting to arrange such audits to register with the California Department of Justice and obtain a certificate to provide foreclosure consultant services.

  • Makes it a crime to arrange or attempt to arrange audits of foreclosure-related obligations without proper registration with the department.

  • Specifies that no state reimbursement is required because the act only changes the definition and scope of an existing crime under Government Code Section 17556.

Legislative Description

Mortgage foreclosure consultants: loan audits.

Last Action

Chaptered by Secretary of State - Chapter 596, Statutes of 2010.

9/30/2010

Committee Referrals

Appropriations6/23/2010
Judiciary6/3/2010
Rules5/20/2010
Appropriations4/22/2010
Banking and Finance4/8/2010

Full Bill Text

No bill text available