Legal Alert - California Takes Significant Steps to Restrict Lender Rights by Enacting California Homeowner Bill of Rights
by Robert Briseño
The State of California recently enacted the first piece of the so-called California Homeowner Bill of Rights (the CHBR). Governor Edmund G. Brown Jr. singned this legislation into law on July 11, 2012. The new statute will go into effect January 1, 2013. The key elements of the CHBR - originally introduced in February of 2012 - are discussed in this alert.