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Timely Rent Payments to be Reported to Credit Bureaus

Jan 9, 2025 | Announcements

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...

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New Laws in 2025 – The Rest of the Story

Jan 9, 2025 | Announcements

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...

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What Licensees Need to Know – Changes to Buyer Representation and Compensation

Jan 9, 2025 | Announcements

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...

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CMA Sponsored Bill SB 1146 Offers Some Industry Wins

Dec 4, 2024 | Announcements

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...

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AB 3108 – Misrepresentations on Business Purpose and Residential Bridge Loans

Dec 4, 2024 | Announcements

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”)....

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