Mortgages.

Summary

The bill strips prospective owner‑occupants and certain nonprofit corporations from the definition of “eligible bidder” at trustee sales, adds a tiered fee schedule tied to the unpaid loan balance, and imposes civil penalties for kickbacks. It also sets reporting duties, defines terms for moderate‑income and social housing, and earmarks funds for affordable‑housing projects, but the measure did not pass.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 22). Re-referred to Com. on APPR. · Apr 22, 2025

Hearings

• Appropriations Committee Hearing
  Appropriations · May 23, 2025
• Appropriations Committee Hearing
  Appropriations · May 7, 2025
• Judiciary Committee Hearing
  Judiciary · Apr 22, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. May 23, 2025In committee: Held under submission.
4. May 7, 2025In committee: Set, first hearing. Referred to APPR. suspense file.
5. Apr 22, 2025Re-referred to Com. on JUD.
6. Apr 22, 2025From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 22). Re-referred to Com. on APPR.
7. Apr 21, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
8. Apr 10, 2025Re-referred to Com. on JUD. pursuant to Assembly Rule 96.
9. Apr 1, 2025Re-referred to Com. on B. & F.
10. Mar 28, 2025Referred to Coms. on B.&F. and JUD.
11. Mar 28, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on B.&F. Read second time and amended.
12. Feb 21, 2025From printer. May be heard in committee March 23.

The 12 most recent of 13 recorded actions.

Sponsors

• Chen · sponsor

Bill text

Opens the legislature’s own copy.

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