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From the monthly archives: October, 2012

We are pleased to present below all posts archived in 'October, 2012'. If you still can't find what you are looking for, try using the search box.

California Homeowner Bill of Rights Signed into Law

  LOS ANGELES — Attorney General Kamala D. Harris announced that the Homeowner Bill of Rights, which will protect homeowners and borrowers during the mortgage and foreclosure process, was signed into law today by Governor Edmund G. Brown Jr. The Homeowner Bill of Rights prohibits a series of inherently unfair bank practices that have needlessly forced thousands of Californians into foreclosure. The law restricts dual-track foreclosures, where a lender forecloses on a borrower despite being in discussions over a loan modification to save the home. It also guarantees struggling homeowners a single point of contact at their lender with knowledge of their loan and direct access to decision makers, and imposes civil penalties on fraudulently signed mortgage documents.  In addition, homeowners may require loan servicers to document their right to foreclose. The laws will go into effect on January 1, 2013, and borrowers can access courts to enforce their rights under this legisl ...

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Carbon Monoxide Detectors Now Required

California Senate Bill 183 was signed into law to regulate installation of Carbon Monoxide Detectors. Apparently 34 other states have similar laws at this point.

The Carbon Monoxide Poisoning Prevention Act says that all single-family homes with “an attached garage or a fossil fuel source” will need to have a CO-alarm in place by July 1, according to Senate Bill 183.

If you’re looking for some beach reading take a look at the entire Bill.


 

 

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