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CA AB1847
Bill
Status
Introduced
2/11/2026
Primary Sponsor
John Harabedian
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AI Summary
- Extends mortgage forbearance period from 12 months to 36 months for borrowers affected by the January 2025 California wildfires (Eaton, Palisades, and Straight-line Winds disasters)
- Extends deadline to request forbearance from January 7, 2027 to January 7, 2029
- Requires mortgage servicers to offer borrowers the option to defer forborne payments to the end of the loan term rather than requiring repayment during or immediately after forbearance
- Prohibits lump sum repayment requirements for borrowers who were current on their mortgage when entering forbearance
- Maintains existing protections including no late fees, no default interest rates, and credit reporting as current during the forbearance period
Legislative Description
Mortgage forbearance: state of emergency: wildfire.
Last Action
Referred to Coms. on B. & F. and JUD.
2/23/2026
Committee Referrals
Banking and Finance2/23/2026
Full Bill Text
No bill text available