BILL NUMBER: SB 310	AMENDED
	BILL TEXT

	AMENDED IN SENATE  APRIL 22, 2013
	AMENDED IN SENATE  MARCH 21, 2013

INTRODUCED BY   Senator Calderon

                        FEBRUARY 15, 2013

   An act to add Section 2924.26 to, and to add and repeal Section
2924.25 of, the Civil Code, relating to mortgages.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 310, as amended, Calderon. Mortgages: foreclosure notices:
title companies.
   Existing law requires a mortgage servicer, mortgagee, trustee,
beneficiary, or authorized agent to, among other things, contact the
borrower prior to filing a notice of default to explore options for
the borrower to avoid foreclosure, as specified. Existing law, until
January 1, 2018, prohibits a mortgage servicer, mortgagee, trustee,
beneficiary, or authorized agent from recording a notice of default
if a foreclosure prevention alternative is approved in writing prior
to the recordation of a notice of default under certain
circumstances. Existing law, operative January 1, 2018, prohibits a
mortgage servicer, trustee, mortgagee, beneficiary, or authorized
agent from recording a notice of sale or conducting a trustee's sale
while a foreclosure prevention alternative application submitted by
the borrower is pending, as specified. Existing law, until January 1,
2018, prohibits a mortgage servicer, trustee, mortgagee,
beneficiary, or authorized agent from recording a notice of default,
notice of sale, or conducting a trustee's sale while a complete first
lien loan modification application submitted by the borrower is
pending, as specified. Existing law, until January 1, 2018,
authorizes a borrower to bring an action for injunctive relief to
enjoin a material violation of certain of these provisions if a
trustee's deed of sale has not been recorded.
   This bill would exempt a licensed title company or underwritten
title company  , except when it is acting as a trustee, 
from liability for a violation of those provisions if it records or
causes to record a notice of default or notice of sale at the request
of a trustee, substitute trustee, or beneficiary, in good faith and
in the normal course of its business activities.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 2924.25 is added to the Civil Code, to read:
   2924.25.  (a)  A   Unless acting in the
capacity of a trustee, a  licensed title company or underwritten
title company shall not be liable for a violation of
Sections   Section  2923.5, 2923.55, 2923.6,
2924.11, 2924.18,  and   or  2924.19 if it
records or causes to record a notice of default or notice of sale at
the request of a trustee, substitute trustee, or beneficiary, in good
faith and in the normal course of its business activities.
   (b) This section shall remain in effect only until January 1,
2018, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2018, deletes or extends
that date.
  SEC. 2.  Section 2924.26 is added to the Civil Code, to read:
   2924.26.  (a)  A   Unless acting in the
capacity of a trustee, a  licensed title company or underwritten
title company shall not be liable for a violation of 
Sections 2923.5 and   Section 2923.5 or Section 
2924.11 if it records or causes to record a notice of default or
notice of sale at the request of a trustee, substitute trustee, or
beneficiary, in good faith and in the normal course of its business
activities.
   (b) This section shall become operative on January 1, 2018.