BILL NUMBER:  AB 1718
  VETOED	DATE: 09/29/2010




To the Members of the California State Assembly:

I am returning Assembly Bill 1718 without my signature.

The goal of this bill is laudable.  However, the bill inappropriately
grants counties a super priority lien on a participating senior or
disabled individual's residential property.  Not only would an
individual's participation in a county program violate their mortgage
contract, it would most likely render them unable to obtain future
loans.

I believe that the lending and mortgage industry agree with the
intent of this measure.  The author would be well-served by working
with them and the counties next year to craft a solution that
provides a workable and legally acceptable tax deferral program for
seniors and disabled individuals struggling to maintain their
residential property.

Sincerely,



Arnold Schwarzenegger