Existing federal regulations generally prohibit the Federal Home Loan Mortgage Corporation and any affiliate thereof, the Federal National Mortgage Association and any affiliate thereof, and any Federal Home Loan Bank from purchasing, investing, or otherwise dealing in any mortgages on properties encumbered by private transfer fee covenants, as defined, securities backed by such mortgages, or securities backed by the income stream from such covenants, unless the private transfer fee covenant meets specified requirements, including that it provides a direct benefit, as defined, to the encumbered property or is otherwise exempted as provided.
California AB 1139 (20172018) — Real property: transfer fees: notices.
Existing federal regulations generally prohibit the Federal Home Loan Mortgage Corporation and any affiliate thereof, the Federal National Mortgage Association and any affiliate thereof, and any Federal Home Loan Bank from purchasing, investing, or otherwise dealing in any mortgages on properties encumbered by private transfer fee covenants, as defined, securities backed by such mortgages, or securities backed by the income stream from such covenants, unless the private transfer fee covenant meets specified requirements, including that it provides a direct benefit, as defined, to the encumbered property or is otherwise exempted as provided.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 1139 REYES Consent Calendar Second Day — 78–0 (pass) · lower
AB 1139 REYES Concurrence in Senate Amendments — 78–0 (pass) · lower
Do pass — 6–0 (pass) · upper
Special Consent Calendar # AB1139 — 39–0 (pass) · upper
Do pass. To Consent Calendar. — 11–0 (pass) · lower
Sponsors
Reyes — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2017-02-17 Read first time. To print. reading-1
2017-02-19 From printer. May be heard in committee March 21.
2017-03-06 Referred to Com. on JUD. referral-committee
2017-03-23 From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended. amendment-introduction, amendment-passage, reading-2, reading-1
2017-03-27 Re-referred to Com. on JUD. referral-committee
2017-03-28 From committee: Do pass. To Consent Calendar. (Ayes 11. Noes 0.) (March 28). committee-passage-favorable, committee-passage
2017-03-29 Read second time. Ordered to Consent Calendar. reading-2, reading-1
2017-04-03 Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 876.) reading-3, passage, reading-1
2017-04-03 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2017-05-10 Referred to Com. on JUD. referral-committee
2017-05-24 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. amendment-passage, referral-committee, reading-2, reading-1, amendment-introduction
2017-06-06 From committee: Do pass. (Ayes 6. Noes 0.) (June 6). committee-passage-favorable, committee-passage
2017-06-07 Read second time. Ordered to third reading. reading-2, reading-1
2017-06-20 Ordered to special consent calendar.
2017-06-26 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 1712.). reading-3, passage, reading-1
2017-06-27 In Assembly. Concurrence in Senate amendments pending. May be considered on or after June 29 pursuant to Assembly Rule 77.
2017-07-17 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 2564.). committee-passage-favorable, amendment-passage
2017-07-21 Enrolled and presented to the Governor at 4 p.m.
2017-07-31 Approved by the Governor. executive-signature
2017-07-31 Chaptered by Secretary of State - Chapter 148, Statutes of 2017.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/f40fd232-2a0e-4442-b94b-9e9d2ce7b7e5. Confidence: reported (aggregated from official California legislature records).