By Daniel Bornstein, Esq. Starting in April of 2025, landlords with more than 15 units must offer their tenants the ability to report timely rent payments to at least one nationwide consumer reporting agency to potentially amplify their credit score. We can count on...
By Mike Belote, Esq. The November Points of Interest column reported on two of the most impactful bills for CMA members enacted by the California Legislature during 2024. Of special note was SB 1146 (Wilk), resolving the usury problem created by the Moon line of...
Reprinted with permission from the CA Dept. of Real Estate Sacramento, Calif. – The California Department of Real Estate (DRE) reminds licensees that the landscape involving buyer representation and compensation in real estate purchase transactions is changing. These...
By T. Robert Finlay, Esq. Rarely are legislative updates full of good news, but this one is! Senate Bill 1146, sponsored by the California Mortgage Association (“CMA”) and co-written by the CMA Legislative Committee and the legal team at Wright, Finlay & Zak,...
By Casey Busch, Esq. and Madelaine Prescott, Esq. In September, Governor Newsom approved Assembly Bill 3108 (“AB 3108”) to amend Section 4973 of the Financial Code and—crucially—to amend Section 532f of the Penal Code (“532f”). This amendment to the penal code now...
By Michelle Mierzwa, Esq. Assembly Bill 2424, effective January 1, 2025, makes several revisions to the non-judicial foreclosure process designed to assist borrowers in avoiding foreclosure by prompting early marketing and sale of properties with sufficient equity for...