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Assembly Bill 130 is a budget bill that was signed by Governor Newsom on June 30th. A provision highlighted by the CLTA was the revision of the foreclosure law placing new restrictions on lenders’ ability to foreclose on subordinate mortgages. Another significant provision not directly affecting title, but that could raise housing costs is the vehicle miles traveled (VMT) fee in Section 58 of the legislation.
Personnel Records on Education and Training; Notice to Employees of Specified Constitutional Rights
Governor Newsom signed into law Assembly Bill 851 (McKinnor), prohibiting persons from making an unsolicited offer to purchase residential real property in certain ZIP Codes in Los Angeles and Ventura counties that were affected by wildfires earlier this year.
Governor Signs Recorded Document Notification Bill; Governor Vetoes Recording Fee Increase Legislation
Governor Newsom has signed AB 238 (Harabedian), entitled the Mortgage Forbearance Act, into law. The legislation went into effect immediately upon signing as an urgency measure.
Assmbly Bill 1050 (Schultz) added reciprocal easement agreements to the list of recorded documents in existing law that are unenforceable against the owner of an affordable housing development where the restriction in the recoded document limits the size, number or location of the residences that may be built on the property where an approved restrictive covenant affordable housing modification document has been recorded.
Housing Bill Amended to Include Notice of Foreclosure to State Agencies (AB 1529); Unsolicited Offer Bill Amended to Include Ventura County (AB 851); Recorder Notification Bill Amended to Require Board of Supervisors Authorization (SB 255); Reparations Bill Amended Removing Property Reclamation (SB 518); AI Regulation Bill Scuttled in Session’s Closing Days (AB 1018)
The California Secretary of State announced that a new state ballot initiative intended to overturn certain real property-related taxes was cleared to begin collecting petition signatures on August 29, 2025.
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