Governor Newsom

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…