BILL NUMBER:  AB 764
  VETOED	DATE: 10/12/2009




To the Members of the California State Assembly:

I am returning Assembly Bill 764 without my signature.

Although I support the prohibition of individuals charging advance
fees for mortgage loan modifications, I do not agree with the
provision of this bill that will only allow fees to be collected if a
modification is successful.  This could adversely affect legitimate
businesses that provide loan modification services.  As such, I am
signing SB 94 that accomplishes this prohibition against advance fees
without unnecessarily harming legitimate companies.

For these reasons, I am unable to sign this bill.

Sincerely,



Arnold Schwarzenegger