California Corrects Homeowner Bill of Rights Summary

Posted on January 4th, 2013 in Mortgages, State Issues By BuckleySandler

On January 1, the California Department of Corporations reissued Release No. 65-FS regarding implementation of key parts of the Homeowner Bill of Rights that established new foreclosure requirements. Originally published on December 4, the new version clarifies certain requirements for mortgage servicers, and corrects the operative date of provisions enacted by AB 1599, a bill requiring translated summaries of notices of default and sale.