CA AB354

Requires institutional investors to register annually with the Department of Business Oversight by July 1, 2019, and each year thereafter, providing detailed information about single-family homes owned in California.

Institutional investors must report the total number of single-family homes owned statewide and by county, number occupied by renters, annual purchases, purchase offers made, total dollar value of owned homes, and homes sold to existing tenants.

Defines "institutional investor" as a publicly traded company owning more than 100 single-family rental homes in the state with a total value exceeding $10 million during a calendar year; exempts lienholders who acquire property through foreclosure.

Department of Business Oversight may charge a reasonable fee to process registrations and must submit annual reports to the Legislature starting July 1, 2020, containing information collected from institutional investors during the prior calendar year.