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Home » State Roundup
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State Roundup

July 23, 2012
California. Gov. Jerry Brown, D, has signed into law the Homeowner Bill of Rights (AB 278/SB 900). The new law will force large lenders to provide a single point of contact, eliminate dual tracking and impose significant civil penalties for “robo-signed” documents, while permitting homeowners to sue to prevent foreclosure. This makes California the first state in the nation to statutorily implement a large section of the national mortgage servicing settlement reached earlier this year with the nation’s top...
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