- Stage
- Became law
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Oct 11, 2009
What it does
Existing law requires a mortgage guaranty insurer to maintain a policyholders surplus at all times in an amount not less than that determined pursuant to specified provisions, and defines "face amount of an insured mortgage" for these purposes. Existing law requires a mortgage guaranty insurer to cease new business if the insurer does not have the amount of policyholders surplus required, as specified.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Calderon
- Jose Solorio
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in California.