Calif. Mortgage Reforms Usher In Regulatory Crackdown

Law360, San Diego (September 27, 2012, 11:28 PM EDT) -- California companies can expect increased enforcement across multiple counties and better coordination among state and local authorities investigating mortgage fraud under the final pieces of expansive new homeowner protections that Gov. Jerry Brown signed into law this week, experts said.

The governor on Tuesday approved S.B. 1474, which allows for the attorney general’s office to convene a special grand jury to investigate financial crimes that are committed in more than one jurisdiction, and A.B. 1950, which seeks to extend the statute of limitations for prosecuting mortgage-related...
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