Key Provisions Of Calif.'s Homeowner Bill Of Rights

Law360, New York (July 13, 2012, 1:26 PM EDT) -- Recently, the California Legislature passed the Homeowner Bill of Rights (HBOR). Governor Jerry Brown issued a statement commending the attorney general for her work on the legislation and is expected to sign the HBOR into law shortly.

The HBOR, passed on July 2, 2012, in many respects codifies the multistate attorney general settlement the five major mortgage lenders entered into earlier this year, but expands those provisions to apply to mortgage servicers generally, with certain exceptions for those servicers conducting fewer than 175 foreclosures per year....
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