Governor Schwarzenegger Signs Several Real Estate & Lending Bills

By
Real Estate Agent with Coldwell Banker DRE# 01706589

Per a press release from Governor Schwarzenegger's office, he signed several real estate and lending related bills today. Yay for California! A brief summary of some of them;

SB 1461; real estate licensees required to publish license info in certain advertising
SB 870; allows CalHFA to structure a refinance program
SB 1055; mortgage debt forgiveness similar to the federal legislation
SB 1675; provides the California Department of Veterans Affairs with the discretion to structure the terms and conditions of any authorized debt issuance

Good stuff...to see other state and federal legislation pertaining to the real estate industry, click here.

Comments (2)

Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Erin ... thanks for your article about our CA governor signing important legislation, re SB 1055; mortgage debt forgiveness similar to the FEDS.  Best wishes. Harrison

Sep 28, 2008 02:32 AM
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Thanks for the links, Erin. Wow, did you see that as of July 1, we have to reprint our business cards? Man, I just ordered another 2,000 of them, and now I have to pay to redo them to include my license number. If you hand out a business card as a first point of contact, it will now need to have your license number on it. At least I have a very low number. :)

elizabeth weintraub sacramento real estate agent in land park

Oct 03, 2008 04:17 AM

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