Supporting and Defending Mortgage Bankers
Updates/Improvements to CCPA
Supporting efforts to allow for Remote Online Notarization
PACE legislation to protect consumers
In 2020, the California MBA successfully led the effort to defeat two potential devastating bills that would have had a dramatically negative impact on access to both residential and commercial/multifamily lending in our state.
- AB 2501 would have added significantly to the CARES Act, and given borrowers additional forbearance without a documented need, as well as potentially harming the value of loans by impairing the right of servicers to foreclosure in the future.
- SB 939 was aimed at commercial real estate owners, and would have placed a moratorium on commercial property evictions during the COVID-19 state of emergency, and would have abrogated contract law to benefit one company at the expense of another and the lack of rent payments could have pushed many into foreclosure.
View our most recent accomplishments