AB 2424

California Passes Law Expanding Foreclosure Protections for Mortgage Borrowers

Nov 14, 2024

On September 20, 2024, California Governor Gavin Newsom signed AB 2424, a landmark bill aimed at strengthening protections for mortgage borrowers facing foreclosure. Set to take effect on January 1, 2025, the new law introduces critical changes to the foreclosure process, offering additional support and resources to homeowners in default. Mortgage lenders will need to…
California Passes Law Extending New Protections to Mortgage Borrowers

Oct 12, 2024

On September 20, 2024, Governor Gavin Newsom signed Assembly Bill 2424 (AB 2424), enacting new protections for mortgage borrowers in California. Effective January 1, 2025, this law introduces significant changes to foreclosure notification and sale requirements aimed at supporting borrowers facing financial hardship. Key Provisions of AB 2424 Third-Party Notification Requirement for Defaulting BorrowersUnder the…

California Passes Law Expanding Foreclosure Protections for Mortgage Borrowers