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News & Press: Sacramento Report

Legislation Reinstating Homeowners Bill of Rights Signed into Law

Tuesday, September 18, 2018  
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Governor Brown signed SB 818 (Beall) into law on Friday to reinstate the Homeowners Bill of Rights (HOBR), portions of which were automatically repealed on January 1, 2018.

The law is largely unchanged from when it was first enacted in 2013, with some differences: loan modification applications received less than five business days before a foreclosure sales are now excepted from HOBR provisions, and; a “cease and desist” exception has been added, allowing borrowers to opt out of telephone outreach in cases where a borrower has submitted a cease and desist request.

The complete text for SB 818 is available here.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851