Loan modification.
Summary
Existing law requires any person who negotiates, attempts to negotiate, arranges, attempts to arrange, or otherwise offers to perform a mortgage loan modification for compensation to provide specified information to the borrower. This bill would require any lender or servicer that rejects a loan modification request to send within 7 days, by certified mail, a notification to the borrower that specifically states the reasons why the loan modification request is rejected.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2010
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2010
Last action Nov 30, 2010
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
9
Key actions
4
Committee
6
Amendments
1
May 3, 2010
Lower · Passed
In committee: Set, final hearing. Hearing canceled at the request of author.
lower
Apr 19, 2010
Lower · Passed
In committee: Set, second hearing. Hearing canceled at the request of author.
lower
Apr 5, 2010
Lower · Passed
In committee: Set, first hearing. Hearing canceled at the request of author.
lower
Mar 25, 2010
Committee
Re-referred to Com. on B. & F.
lower
Mar 24, 2010
Introduced
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
lower
Mar 4, 2010
Committee
Referred to Com. on B. & F.
lower
Feb 18, 2010
Lower · Passed
From printer. May be heard in committee March 20.
lower
1 primary · 1 co-sponsor
Sponsors
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