[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather
Santa Clarita CA
Sunny
Sunny
81°F
 
Calendar
Today in
S.C.V. History
July 19
1924 - Sherman Block, L.A. County's 29th Sheriff (1982-1998), born in Chicago [story]


Kamala Harris

[AG Kamala Harris] – Attorney General Kamala D. Harris has announced the California Homeowner Bill of Rights designed to protect homeowners from unfair practices by banks and mortgage companies and to help consumers and communities cope with the state’s urgent mortgage and foreclosure crisis.

Joined by Senate President pro Tem Darrell Steinberg and Assembly Speaker John A. Pérez, Attorney General Harris announced her sponsorship of six bills designed to guarantee:

– Basic standards of fairness in the mortgage process, including an end to dual-track foreclosures

– Transparency in the mortgage process, including a single point of contact for homeowners

– Community tools to prevent blight after banks foreclose upon homes

– Tenant protections after foreclosures

– Enhanced law enforcement to defend homeowner rights – paid for by fees imposed on banks

– A special grand jury to investigate financial and foreclosure crime

“California communities and families are being devastated by the mortgage and foreclosure crisis. We must ensure the deceptive practices that caused it never happen again,” said Attorney General Harris. “The California Homeowner Bill of Rights will provide basic fairness and transparency for homeowners, and improve the mortgage process for everyone.”

The legislation builds on the California commitment announced by Attorney General Harris earlier this month, which is expected to result in $18 billion of benefits for California homeowners. That agreement included reforms for mortgages owned by the five banks that were signing parties. The California Homeowner Bill of Rights will strengthen those protections, make them permanent, and apply them to all mortgages in the state.

“When I secured the California commitment, I made clear it was only one of many steps I am taking to comprehensively address the mortgage and foreclosure crisis,” Attorney General Harris continued. “I want to thank Senate President pro Tem Steinberg, Assembly Speaker Pérez and all the other lawmakers who are supporting this urgent package of legislation for homeowners.”

“I want to congratulate the Attorney General on the victory she won on behalf of the people of California,” said Speaker John A. Pérez. “Our state has suffered greatly as the result of bad actors in the banking and financial industries, and this settlement holds them accountable as we continue the difficult work of recovering the housing market and stemming the tide of foreclosures, evictions and auctions.”

“Millions of Californians have already lost their homes to foreclosure and the mortgage crisis is far from over,” said Senate President pro Tem Darrell Steinberg. “This landmark settlement negotiated by Attorney General Harris helps thousands of Californians but thousands more need the same help. We need to put these protections into law so that more people can save their homes.”

 

CALIFORNIA HOMEOWNER BILL OF RIGHTS LEGISLATIVE PACKAGE

If passed, the following bills would:

 

ASSEMBLY BILL 1602 / SENATE BILL 1470- THE FORECLOSURE REDUCTION ACT OF 2012

Authors: Assemblymen Mike Eng and Mike Feuer; Senators Mark Leno, Fran Pavley, and Senate President pro Tem Darrell Steinberg

-Require creditors to provide documentation to a borrower that establishes the creditor’s right to foreclose on real property prior to recording a notice of default.

-Require creditors to provide documentary evidence of ownership, the chain of title to real property, and the right to foreclose, at the time of the filing of a notice of default.

-Prohibit creditors from recording a notice of default when a timely-filed application for a loan modification or other loss mitigation measure is pending.

-Prohibit creditors from recording a notice of sale when a timely-filed application for a loan modification or other loss mitigation measure is pending.

-Prohibit creditors from recording a notice of sale while a borrower is in compliance with the terms of a trial loan modification or after another loss mitigation measure has been approved.

-Require creditors to disclose why an application for a loan modification or other loss mitigation measure has been denied.

-Require that notices of foreclosure sales be personally served, including notices of foreclosure sale postponement.

-Provide homeowners with a private right of action in instances in which the requirements set forth in the legislation are not followed

 

ASSEMBLY BILL 2425 / SENATE BILL 1471 – DUE PROCESS REFORM LEGISLATION

Authors: Assemblywoman Holly Mitchell; Senators Mark DeSaulnier and Fran Pavley

-Require creditors to provide a single point of contact to borrowers in the foreclosure process who will be responsible for providing accurate account and other information related to the foreclosure process and loss mitigation efforts.

-Require creditors to provide a dedicated electronic mail address, facsimile number and mailing address for borrowers to submit information requested as part of a loan modification, short sale or other loss mitigation option.

-Authorize borrowers to challenge the unlawful commencement of a foreclosure process in court.

-Impose a $10,000 civil penalty on the recordation or filing of “robosigned” documents, defined as documents that contain information that was not verified for accuracy by the person or persons signing or swearing to the accuracy of the document or statement.

-Require that certain documents be recorded in a county recorder’s office.

 

ASSEMBLY BILL 2314 / SENATE BILL 1472 – BLIGHT PREVENTION LEGISLATION

Authors: Assemblywoman Wilmer Carter; Senator Fran Pavley

-Prevent blight enforcement actions from being taken against new purchasers of blighted property for 60 days, provided that repairs are being made to the property.

-Require banks that release liens on foreclosed property to inform local code enforcement agencies of the release so that demolition of blighted property can proceed.

-Increase fines against owners of blighted property from $1,000 per day to $5,000 per day, and allow the imposition of the costs of a receivership over blighted property to be imposed directly against the owner of blighted property.

 

ASSEMBLY BILL 2610/ SENATE BILL 1473 – TENANT PROTECTION LEGISLATION

Authors: Assemblywoman Nancy Skinner; Senator Loni Hancock

-Require purchasers of foreclosed homes to honor the terms of existing leases and give tenants at least 90 days notice before commencing eviction proceedings.

 

ASSEMBLY BILL 1950 – ENHANCEMENT OF ATTORNEY GENERAL ENFORCEMENT

Author: Assemblyman Mike Davis

-Impose a new $25 fee to be paid by servicers upon the recording of a notice of default. The fee would be deposited into a real estate fraud prosecution trust fund that would support the Attorney General’s efforts to deter, investigate and prosecute real estate fraud crimes, including the work of the Mortgage Fraud Strike Force.

-Extend the statute of limitations from one year to four years from the date of discovery for violations of law commonly occurring in connection with foreclosure-related scams, including acting as a real-estate agent without a license and charging up-front fees for loan modification services.

 

SENATE BILL 1474 / ASSEMBLY BILL 1763 – ATTORNEY GENERAL SPECIAL GRAND JURY

Authors: Assemblyman Mike Davis; Senator Loni Hancock

-Authorize the Attorney General to impanel a special grand jury for the purposes of investigating and indicting multi-jurisdictional financial crimes against the state.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


SCV NewsBreak
LOCAL NEWS HEADLINES
Thursday, Jul 19, 2018
Hart District Appoints Dr. Catherine Nicholas as New Sequoia School Principal
The William S. Hart Union High School District’s Governing Board voted unanimously to approve the appointment of Dr. Catherine Nicholas to become the new principal of Sequoia School.
Wednesday, Jul 18, 2018
Woman Charged with Defacing Park Building, Check Forgery
Santa Clarita Valley Sheriff's Station deputies have arrested a Santa Clarita woman who allegedly spray-painted walls on a city park building in Saugus early Tuesday morning, also discovering she was allegedly in possession of forged checks.
Wednesday, Jul 18, 2018
CHP Pursuit Ends With Arrest of Woman on I-5 in Valencia
A Spring Valley, California woman was arrested and charged for evading and resisting arrest on southbound Interstate 5 in Valencia late Tuesday night after a pursuit by the California Highway Patrol, according to the CHP.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
LOS ANGELES – The Los Angeles Dodgers today acquired four-time All-Star shortstop Manny Machado from the Baltimore Orioles in exchange for Rylan Bannon, Yusniel Díaz, Dean Kremer, Zach Pop and Breyvic Valera.
Dodgers Acquire 4-Time All-Star Manny Machado
The William S. Hart Union High School District’s Governing Board voted unanimously to approve the appointment of Dr. Catherine Nicholas to become the new principal of Sequoia School.
Hart District Appoints Dr. Catherine Nicholas as New Sequoia School Principal
Welcome to paradise at a high-energy, live show coming up in Santa Clarita’s Concerts in the Park series, presented by Logix Federal Credit Union, this Saturday, July 21, at 7:00 p.m., in Central Park (27150 Bouquet Canyon Road).
July 21: Concerts in the Park to Feature Green Day Tribute Band
1924 - Sherman Block, L.A. County's 29th Sheriff (1982-1998), born in Chicago [story]
Santa Clarita Valley Sheriff's Station deputies have arrested a Santa Clarita woman who allegedly spray-painted walls on a city park building in Saugus early Tuesday morning, also discovering she was allegedly in possession of forged checks.
Woman Charged with Defacing Park Building, Check Forgery
The Paramount Network has set Aug. 11 as the premiere date of 'I Am Paul Walker,' a new film documentary tracing the life of the late actor, who was killed in a 2013 car crash in Valencia.
Aug. 11: Paul Walker Film Doc to Debut on Paramount Network
Marston's Restaurant in Valencia is helping raise funds for Carousel Ranch, Santa Clarita Valley nonprofit organization that provides equestrian therapy for disabled and special needs children and adults.
July 15-Aug. 15: Marston’s Restaurant Fundraising for Carousel Ranch
Members of Santa Clarita Valley home haunters Beware the Dark Realm will appear on a panel at the third annual "Midsummer Scream" Halloween Festival and scarefest at the Long Beach Convention Center on Saturday and Sunday, July 28-29.
July 28: SCV’s Beware the Dark Realm to Join Panel at Midsummer Scream
The Sierra Hillbillies Square & Round Dance Club will throw a good old-fashioned picnic and dance to the calls of Jay Henderson at the SCV Senior Center on Sunday, August 5 from 2 p.m. to 5 p.m.
Sierra Hillbillies Set 2 Dances for August, September
A Spring Valley, California woman was arrested and charged for evading and resisting arrest on southbound Interstate 5 in Valencia late Tuesday night after a pursuit by the California Highway Patrol, according to the CHP.
CHP Pursuit Ends With Arrest of Woman on I-5 in Valencia
If you are a member of the U.S. House of Representatives with a private prison in your district, you are also more likely than your peers to co-sponsor punitive immigration legislation, according to a groundbreaking study by California State University, Northridge political science professor Jason Morin.
CSUN Study: Private Prison Operators Influencing Immigration Policy
Wealth | Wisdom | Wellness, a new quarterly magazine featuring collective wisdom on family wealth and health for families in the Santa Clarita Valley, has just published its second 2018 edition with exclusive showcase interviews of top local business owners.
New SCV Print-Online Magazine Profiles Top Local Business Owners
Santa Clarita Valley Sheriff's Station deputies handed out 25 traffic citations during a motorcycle safety enforcement operation in Santa Clarita on Saturday.
SCV Deputies Hand Out 25 Traffic Tickets in Safety Push
A Santa Clarita bank robbery suspect dubbed by the FBI as the "Faux Badge Bandit" is now also suspected of robbing banks in Northern California, according to authorities.
‘Faux Badge Bandit’ Also a Suspect in NoCal Bank Heists
A Ninth Circuit panel on Tuesday affirmed a federal judge’s order preliminarily barring California from enforcing a voter-approved ban on high-capacity gun magazines.
Ninth Circuit Upholds Block of California Gun Magazine Ban
The California Department of Motor Vehicles now offers customers a convenient way to complete a driver license or identification card application online before visiting a field office.
DMV Debuts Online Application for Driver License, State ID Card
2009 - Two killed in crash of experimental plane in Sand Canyon [NTSB report]
The Santa Clarita Valley Chamber of Commerce is holding a Business After Hours Mixer at Valencia Acura, Wednesday, July 18, at 5:30 p.m.
July 18: SCV Chamber’s Business After Hours Mixer
Supervisor Kathryn Barger cast the lone vote opposing a motion to place a measure on the November ballot which seeks to increase property taxes on residential and commercial properties to generate approximately $300 million a year to fund additional stormwater projects.
Barger Casts Lone Vote Against Proposed Stormwater Tax
The Board of Supervisors on Tuesday voted to move forward with a comprehensive plan to increase local water supply and improve water quality.
Supes Move Forward with Efforts to Improve Local Water Supply, Quality
The county of Los Angeles and community partners are working hand-in-hand to combat homelessness, which has decreased for the first time in four years.
County Combines New, Existing Programs to Combat Homelessness
Officials at the Los Angeles County Department of Medical Examiner-Coroner have identified the body of a man who was found in a Canyon Country field Monday night.
Man Found Dead in Canyon Country
Single Mother's Outreach is currently accepting honoree nominations and artist applications through July 30.
Single Mother’s Outreach Accepting Nominees, Artist Applications
The Stay Green Inc. team has been rewarded for its excellence with eight awards — including four prestigious first-place honors — in the 59th Annual Landscape Beautification Awards presented by the San Fernando Valley Chapter of the California Landscape Contractors Association (CLCA).
Stay Green Earns Four First-Place Landscape Honors
Here is the list of Santa Clarita arts-related events for July 18-20:
July 18-20: Santa Clarita Arts Calendar
The city of Santa Clarita saw an increase in on-location filming in Fiscal Year 2017-2018 (July 2017 to June 2018), with the Film Office recording 560 film permits and 1377 film days, which generated an estimated $33.1 million in economic impact to the local community.
Santa Clarita Sees Increase in On-Location Filming for 5th Straight Year
Six Santa Clarita Artists Association members were accepted in the impressive La Galeria Gitana exhibit, "Around the World in 80 Paintings."
Aug. 11: Artists Association Presents, ‘Around the World in 80 Paintings’
LOS ANGELES – A former staffer for a member of the United States Congress was sentenced today to 18 months in prison for bribery and attempted extortion after demanding and accepting $5,000 to prevent the closure of a marijuana shop in the city of Compton.
Santa Clarita Man Gets 18 Months in Prison for Bribery, Attempted Extortion
1834 - Sinforosa, daughter of Narciso and Crisanta, born at Mission San Fernando; mom from Tejon, dad from Piru; believed to be last speaker of Tataviam language (died 1915) [record]
Berry Petroleum Corp., owner of the Placerita oil field west of Sierra Highway between Placerita Canyon Road and Golden Valley Road in Santa Clarita - and many other oil properties in the San Joaquin Valley - announced Monday that it has launched an initial public offering of its common stock.
Placerita Oil Field Owner Going Public Again
The U.S. Food and Drug Administration is alerting health care professionals and patients of a voluntary recall of several drug products containing the active ingredient Valsartan, used to treat high blood pressure and heart failure.
Blood Pressure Medicine Valsartan Recalled for Cancer-Causing Impurity
The next regular meeting of the Governing Board of the William S. Hart Union High School District is Wednesday, July 18 at the Administrative Center, 21380 Centre Pointe Parkway, Santa Clarita 91350.
July 18: Hart District Governing Board Regular Meeting
The Canyon Country Advisory Committee, a division of the Santa Clarita City Council, will hold its next meeting on Wednesday, July 18, from 7 p.m. to 9 p.m.
July 18: Canyon Country Advisory Committee Meeting
Since April, TMU grad Zach Klindworth has worked and trained with a soccer team in Iceland, 4,000 miles from Santa Clarita, the only city he'd ever known.
TMU Soccer Alum Zach Klindworth Takes Talents to Iceland
The Lancaster JetHawks scored a run in the seventh inning to take the lead and hung on to beat Lake Elsinore, 3-2, Sunday evening at The Hangar.
JetHawks Hang on for Sunday Win Over Storm
Lake Elsinore proved too much for the JetHawks Saturday night, handing Lancaster an 11-4 loss at The Hangar.
Lancaster JetHawks Overcome by Storm Saturday