CA SB1183

Exempts reverse mortgages from successor in interest protections that require mortgage servicers to delay default notices and provide loan information to heirs and family members of deceased borrowers.

Maintains protections for successors in interest on non-reverse mortgages by requiring servicers to request documentation of death and ownership interest before recording a notice of default (30 days for death certificate, 90 days for ownership documentation).

Requires mortgage servicers to provide successors in interest with loan information within 10 days and allow them to assume the loan or apply for foreclosure prevention alternatives.

Allows successors in interest to seek injunctive relief for violations and pursue damages up to $50,000 or treble actual damages if violations are intentional or reckless.

Deems servicers in compliance if they follow federal Regulations X and Z regarding successor in interest protections; sections expire January 1, 2020 unless extended.