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Monitored Mortgage Workout Program.

This bill failed and is no longer moving.

CA AB 1588 · Assembly Bill · 2009–2010

Stage
Failed
Started in
Assembly
Sponsors
3
Latest action
Feb 22, 2010

What it does

(1) Upon a breach of the obligation of a mortgage or transfer of an interest in property, existing law requires the trustee, mortgagee, or beneficiary to record in the office of the county recorder wherein the mortgaged or trust property is situated, a notice of default, and to mail the notice of default to the borrower named on the mortgage instrument. Existing law requires the notice to contain specified statements, including, but not limited to, those related to the borrower's legal rights, as specified.

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Monitored Mortgage Workout Program. | 52