(1) Existing law requires that, upon a breach of the obligation of a mortgage or transfer of an interest in property, the mortgagee, trustee, or beneficiary record a notice of default in the office of the county recorder where the mortgaged or trust property is situated and mail the notice of default to the mortgagor or trustor. Existing law specifies other requirements and procedures for completion of a foreclosure sale, including recording a notice of sale prior to exercising a power of sale. Existing law requires, under specified circumstances, that a summary of mortgage terms be provided to the borrower in one of 5 specified languages.
California AB 1599 (20112012) — Mortgages and deeds of trust: foreclosure.
(1) Existing law requires that, upon a breach of the obligation of a mortgage or transfer of an interest in property, the mortgagee, trustee, or beneficiary record a notice of default in the office of the county recorder where the mortgaged or trust property is situated and mail the notice of default to the mortgagor or trustor. Existing law specifies other requirements and procedures for completion of a foreclosure sale, including recording a notice of sale prior to exercising a power of sale. Existing law requires, under specified circumstances, that a summary of mortgage terms be provided to the borrower in one of 5 specified languages.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
The legislative action history — every referral, reading, and vote.
2012-02-06 Read first time. To print. reading-1
2012-02-07 From printer. May be heard in committee March 8.
2012-03-29 Referred to Com. on JUD. referral-committee
2012-04-11 From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. reading-2, amendment-introduction, reading-1, amendment-passage
2012-04-12 Re-referred to Com. on JUD. referral-committee
2012-04-26 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (April 17). amendment-passage, committee-passage, committee-passage-favorable
2012-04-30 Read second time and amended. reading-2, reading-1, amendment-passage
2012-05-01 Re-referred to Com. on APPR. referral-committee
2012-05-16 From committee: Do pass. (Ayes 12. Noes 5.) (May 16). committee-passage, committee-passage-favorable
2012-05-17 Read second time. Ordered to third reading. reading-2, reading-1
2012-05-21 Read third time. Passed. Ordered to the Senate. (Ayes 49. Noes 25. Page 4922.) reading-3, reading-1, passage
2012-05-21 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2012-05-31 Referred to Coms. on B. & F.I. and JUD. referral-committee
2012-06-13 In committee: Set, first hearing. Hearing canceled at the request of author.
2012-06-28 From committee: Do pass and re-refer to Com. on JUD. (Ayes 5. Noes 1.) (June 27). Re-referred to Com. on JUD. referral-committee, committee-passage, committee-passage-favorable
2012-08-06 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 4. Noes 0.) (July 3). amendment-passage, committee-passage, committee-passage-favorable
2012-08-06 Read second time and amended. Re-referred to Com. on APPR. reading-2, reading-1, amendment-passage, referral-committee
2012-08-06 From committee: Be placed on second reading file pursuant to Senate Rule 28.8. committee-passage
2012-08-07 Read second time. Ordered to third reading. reading-2, reading-1
2012-08-24 Read third time and amended. Ordered to second reading. reading-3, reading-1, amendment-passage
2012-08-27 Read second time. Ordered to third reading. reading-2, reading-1