header image

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

Inside
Weather
Santa Clarita CA
Mostly cloudy
Mostly cloudy
71°F
 
Calendar
Today in
S.C.V. History
September 23
1948 - Agua Dulce Women's Club organized [timeline]
Women's Club


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, Sep 23, 2021
Thursday COVID-19 Roundup: Henry Mayo Hospital Admittance Up 50%; SCV Cases Total 35,477
Officials from Henry Mayo Newhall Hospital are once again urging those eligible to get vaccinated, as the hospital is experiencing a marked influx of COVID-19 patients, hospital spokesman Patrick Moody said Thursday.
Thursday, Sep 23, 2021
Hazy SCV Skies from Sequoia Forest Fires
A “significant amount of smoke” from the Windy and KNP Complex fires northeast of Bakersfield in the Sequoia National Forest have entered the Los Angeles area, according to a Thursday morning tweet from the U.S. National Weather Service Los Angeles.
Thursday, Sep 23, 2021
Chiquita Canyon Landfill Health Report Nearing Final Process
The Chiquita Canyon Landfill Technical Advisory Committee met Wednesday afternoon to discuss updates at the Val Verde landfill.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
Officials from Henry Mayo Newhall Hospital are once again urging those eligible to get vaccinated, as the hospital is experiencing a marked influx of COVID-19 patients, hospital spokesman Patrick Moody said Thursday.
Thursday COVID-19 Roundup: Henry Mayo Hospital Admittance Up 50%; SCV Cases Total 35,477
A “significant amount of smoke” from the Windy and KNP Complex fires northeast of Bakersfield in the Sequoia National Forest have entered the Los Angeles area, according to a Thursday morning tweet from the U.S. National Weather Service Los Angeles.
Hazy SCV Skies from Sequoia Forest Fires
Spookiness is on its way to Main Street in Old Town Newhall.
Scarecrow Alley Coming to Old Town Newhall
The Chiquita Canyon Landfill Technical Advisory Committee met Wednesday afternoon to discuss updates at the Val Verde landfill.
Chiquita Canyon Landfill Health Report Nearing Final Process
Following a record-breaking event in 2020 – Soup for the Soul will once again be presented virtually in 2021.
Tickets Now on Sale for Bridge to Home’s 2021 Soup for the Soul Virtual Fundraiser
The city of Santa Clarita’s annual Evening of Remembrance event will occur on Wednesday, Sept. 29, beginning with a Walk of Remembrance at 6:15 p.m., followed by the program at 6:45 p.m.
Community Invited to Annual Evening of Remembrance
College of the Canyons is continuing its tradition of inviting community groups to experience Cougar football during the 2021 season, with all healthcare workers and first responders invited to attend Saturday’s game vs. Palomar College free of charge.
Cougars Football Continuing with Community Invite Tradition
The Santa Clarita chapter of the American Cancer Society is excited to announce its annual leading fundraiser of the year — Relay For Life - will take place on Saturday, Oct. 2, at the Westfield Town Center Mall, from 11:00 a.m. to 9:00 p.m.
Oct. 2: American Cancer Society’s Relay for Life
At least one person was reported wounded in a shooting in Newhall Wednesday night, prompting a response from law enforcement and medical personnel.
Newhall Shooting Sends One Person to Hospital
Are you ready for a “Partea”? Circle of Hope’s 17th Annual Tea Celebration will be held at the Hyatt Regency Valencia on Saturday, Oct. 9, beginning at 11:00 a.m.
Oct. 9: Circle of Hope’s 17th Annual Tea Celebration
SACRAMENTO — State Superintendent of Public Instruction Tony Thurmond proudly recognized Betty Reid Soskin, a pioneering Bay Area civil rights activist and the oldest living National Park Ranger serving in the United States, as an Ambassador to California Education on her 100th birthday.
Betty Reid Soskin Named California’s Newest Education Ambassador
The Mojave Area California State Parks  recently announced status updates for public use.
Status Updates Released for Mojave Area State Parks
1948 - Agua Dulce Women's Club organized [timeline]
Women's Club
The Santa Clarita Planning Commission approved the installation and operation of a Verizon wireless communication facility that will expand wireless coverage in the city’s center. 
Verizon Wireless Facility Approved By Planning Commission
State Senator Scott Wilk is honoring four Hispanic community leaders to commemorate National Hispanic Heritage Month. 
Wilk Honors Local Hispanic Community Leaders
Los Angeles County Public Health officials on Wednesday confirmed 41 new deaths and 1,750 new cases of COVID-19 countywide, with 35,403 total cases in the Santa Clarita Valley.
Wednesday COVID-19 Roundup: Nursing Facility Numbers See Decline; Santa Clarita Cases total: 35,403
College of the Canyons and the Santa Clarita Environmental Education Consortium, SCEEC, will virtually host the 2021 Green STEM Summit on Saturday, Oct. 9 with the purpose of introducing students to green careers.
COC’s Virtual Green STEM Summit Slated For October
The Angeles National Forest will end its forest closure order Wednesday at 11:59 pm, a week past the expiration of the California regional closure.
Angeles National Forest Ending Closure Order
State Superintendent of Public Instruction Tony Thurmond announced a vision for ensuring that every California student will learn to read by third grade by the year 2026 during a virtual press conference on Tuesday
State Superintendent Seeks To Increase Literacy By Third Grade For All California Students
In an effort to keep adopted pets from returning to the shelter, the Los Angeles County Department of Animal Care and Control has launched a free online resource center to help pet owners who can no longer keep their pets.
Pets Get A Second Chance With New Rehoming Program
The population of the city of Santa Clarita grew by 22.9% between 2010 and 2020, according to U.S. Census data released Monday that will be used to redistrict boundaries for various political offices in California. 
Santa Clarita Population Has Grown Over 50,000 In Ten Years
A federal court handed international mining conglomerate Cemex a win last week in its decades-long battle to establish a mining operation in Soledad Canyon.    
Court Rules In Favor Of Cemex Over Bureau Of Land Management
The American Cancer Society Santa Clarita Valley held a Relay Rally at Westfield Valencia Town Center Saturday afternoon to raise awareness about its annual Relay for Life of the Santa Clarita Valley event on Saturday, Oct. 2. 
Community Gets Ready For Relay For Life With Local Relay Rally
1923 - Newhall Chamber of Commerce organizes community cleanup day [story]
cleanup day
SCVNews.com
%d bloggers like this: