BILL NUMBER: AB 2528	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member John A. Pérez

                        FEBRUARY 24, 2012

   An act relating to mortgages.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2528, as introduced, John A. Pérez. Mortgages and deeds of
trust: foreclosure: military members.
   Existing law regulates various aspects of mortgages and deeds of
trust, including, among other things, foreclosure procedures
applicable when a borrower is in default on one of those instruments.

   This bill would express the intent of the Legislature to enact
legislation to preclude foreclosure proceedings when the borrower is
an active member of the military, unless the lender has first
attempted a loan modification.
   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.  It is the intent of the Legislature to enact
legislation to preclude foreclosure proceedings when the borrower is
an active member of the military, unless the lender has first
attempted a loan modification.