Mortgages: hazard insurance proceeds.
- Stage
- Became law
- Started in
- Assembly
- Sponsors
- 2
- Latest action
- Aug 29, 2025
What it does
Existing law, the California Residential Mortgage Lending Act, regulates persons engaging in the business of making residential mortgage loans or servicing of residential mortgage loans, as administered by the Commissioner of Financial Protection and Innovation. A willful violation of any provision of the act constitutes a crime, as specified. The act requires a trust account to be placed in a non-interest-bearing account in a federally insured depository institution, a federal home loan bank, or other similar government-sponsored enterprise, except as specified.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
Sponsors
Connections
Its sponsors, who gave them money, and who lobbied on it. A gift is not a position on the bill.
The record
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