Anti-Blight Portion Of Calif. Mortgage Bills Wins OK

Law360, New York (May 3, 2012, 6:47 PM EDT) -- The California State Assembly on Thursday approved an anti-blight bill that is a part of a larger, controversial package backed by the state attorney general that aims to protect homeowners from unfair practices by banks and mortgage companies.

Thursday's vote passed to the state Senate A.B. 2314, which proposes to make permanent $1,000 per day fines — set to expire at the end of the year — for property owners that aren't properly maintaining foreclosed homes. Sponsored by Assemblywoman Wilmer Amina Carter, D-Rialta, the bill is...
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