Bill Text: CA AB2424 | 2023-2024 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Mortgages: foreclosure.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2024-09-20 - Chaptered by Secretary of State - Chapter 311, Statutes of 2024. [AB2424 Detail]
Download: California-2023-AB2424-Introduced.html
Bill Title: Mortgages: foreclosure.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2024-09-20 - Chaptered by Secretary of State - Chapter 311, Statutes of 2024. [AB2424 Detail]
Download: California-2023-AB2424-Introduced.html
CALIFORNIA LEGISLATURE—
2023–2024 REGULAR SESSION
Assembly Bill
No. 2424
Introduced by Assembly Member Schiavo |
February 13, 2024 |
An act relating to real property.
LEGISLATIVE COUNSEL'S DIGEST
AB 2424, as introduced, Schiavo.
Foreclosure.
Existing law prescribes various requirements to be satisfied before the exercise of a power of sale under a mortgage or deed of trust and prescribes a procedure for the exercise of that power. Existing law establishes the order of priority for the distribution of proceeds following a sale.
This bill would state the intent of the Legislature to enact subsequent legislation relating to home equity protection during the foreclosure process for the purpose of protecting consumers from losing home equity.