Existing law requires any person who negotiates, attempts to negotiate, arranges, attempts to arrange, or otherwise offers to perform a mortgage loan modification for compensation to provide specified information to the borrower. This bill would require any lender or servicer that rejects a loan modification request to send within 7 days, by certified mail, a notification to the borrower that specifically states the reasons why the loan modification request is rejected.
No votes to display
From committee without further action pursuant to Joint Rule 62(a).
In committee: Set, final hearing. Hearing canceled at the request of author.
In committee: Set, second hearing. Hearing canceled at the request of author.
In committee: Set, first hearing. Hearing canceled at the request of author.
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
From printer. May be heard in committee March 20.
Read first time. To print.
|Bill Text Versions||Format|
|02/17/10 - Introduced|
|03/24/10 - Amended Assembly|
|No related documents.|
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