Bill Text: CA SB1470 | 2011-2012 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Mortgages and deeds of trust: foreclosure. [Track Bill]

Status: 2012-04-17 - Set, first hearing. Hearing canceled at the request of author. [SB1470 Detail]

Download: California-2011-SB1470-Introduced.html

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BILL NUMBER: SB 1470	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senators Leno, Pavley, and Steinberg
   (Coauthors: Senators DeSaulnier and Hancock)

                        FEBRUARY 24, 2012

   An act relating to mortgages.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1470, as introduced, Leno. Mortgages and deeds of trust:
foreclosure.
   Existing law generally regulates mortgages and deeds of trust,
including establishing procedures for foreclosure in the case of
default.
   This bill would express the intent of Legislature to enact
legislation to amend the state's foreclosure laws to implement and
make permanent the servicing standards and other provisions of the
National Mortgage Settlement.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  It is the intent of the Legislature to enact
legislation to amend the state's foreclosure laws to implement and
make permanent the servicing standards and other provisions of the
National Mortgage Settlement.