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Home » Store » News » Bill Stretching Reconveyance Period Gets Lenders’ Support

Bill Stretching Reconveyance Period Gets Lenders’ Support

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The California legislature is considering legislation that would lengthen the time for reconveying a deed of trust from the trustee to the borrower once the mortgage loan has been paid in full, the Mortgage Bankers Association of America has reported. Introduced by Assemblyman Robert Hertzberg, Bill 1090 is aimed at eliminating an inconvenience created when the California Court of Appeals in Bartold v. Glendale Federal Bank required loan servicers to deliver a request for reconveyance
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