Calderon
Author
Existing law requires a lender to file a notice of default in the case of nonjudicial foreclosure prior to enforcing a power of sale as a result of a default on an obligation secured by real property, as specified. Existing law also requires that a notice of sale be given before the power of sale may be exercised. Existing law requires the notice of sale to contain specified information regarding the property and the sale, and to be recorded with the county recorder, as specified. This bill would additionally require, beginning April 1, 2012, that the notice of sale, given pursuant to a deed of trust or mortgage secured by real property containing from one to 4 single-family residences, contain language notifying potential bidders of specified risks involved in bidding on property at a trustee's sale, and a notice to the property owner informing the owner about how to obtain information regarding any postponement of the sale. The bill would require a good faith effort to be made to provide current information regarding sale dates and postponements and that the information be available free of charge. The bill would permit the information to be provided by any means that provides continuous access, as specified.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 229, Statutes of 2011.
Enrolled and presented to the Governor at 10 a.m.
Assembly amendments concurred in. (Ayes 38. Noes 0. Page 1914.) Ordered to engrossing and enrolling.
Ordered to special consent calendar.
Read third time. Passed. (Ayes 77. Noes 0. Page 2252.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 11. Noes 0.) (June 27).
Read second time and amended. Re-referred to Com. on B. & F.
From committee: Do pass as amended and re-refer to Com. on B. & F. with recommendation: To consent calendar. (Ayes 10. Noes 0.) (June 14).
Read third time. Passed. (Ayes 40. Noes 0. Page 908.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 0. Page 764.) (April 26).
Set for hearing April 26.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
(Corrected March 4.)
From printer. May be acted upon on or after January 6.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB4 | HTML |
| 12/06/10 - Introduced | |
| 03/03/11 - Amended Senate | |
| 04/07/11 - Amended Senate | |
| 06/21/11 - Amended Assembly | |
| 08/16/11 - Enrolled | |
| 09/06/11 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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