Mortgages and deeds of trust: trustee substitutions.
Existing law regulates the terms and conditions of mortgages and deeds of trust. Existing law authorizes a beneficiary of a deed of trust to substitute a new trustee for the existing trustee in accordance with certain statutory requirements, and that substitution is not effective in certain cases unless it is signed by the respective parties under penalty of perjury. Under existing law, a trustee named in a recorded substitution of trustee is deemed to be authorized to act in this capacity under the mortgage or deed of trust for all purposes from the date the substitution is executed by the mortgagee, beneficiaries, or by their authorized agents.
us/states/ca
California Legislature
20192020
SB 306
California SB 306 (20192020)
bill
Mortgages and deeds of trust: trustee substitutions.
California SB 306 (20192020) — Mortgages and deeds of trust: trustee substitutions.
Existing law regulates the terms and conditions of mortgages and deeds of trust. Existing law authorizes a beneficiary of a deed of trust to substitute a new trustee for the existing trustee in accordance with certain statutory requirements, and that substitution is not effective in certain cases unless it is signed by the respective parties under penalty of perjury. Under existing law, a trustee named in a recorded substitution of trustee is deemed to be authorized to act in this capacity under the mortgage or deed of trust for all purposes from the date the substitution is executed by the mortgagee, beneficiaries, or by their authorized agents.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 12–0 (pass) · lower
Unfinished Business SB306 Morrell Concurrence — 40–0 (pass) · upper
Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 8–0 (pass) · upper
SB 306 Morrell Senate Third Reading By Obernolte — 77–0 (pass) · lower
Sponsors
Morrell — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-02-15 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2019-02-19 From printer. May be acted upon on or after March 21.
2019-02-28 Referred to Com. on JUD. referral-committee
2019-03-19 Set for hearing April 2.
2019-04-03 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 8. Noes 0. Page 553.) (April 2). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2019-04-05 Set for hearing April 22.
2019-04-22 From committee: Be ordered to second reading pursuant to Senate Rule 28.8 and ordered to consent calendar. committee-passage, reading-2
2019-04-23 Read second time. Ordered to consent calendar. reading-1, reading-2
2019-04-25 Read third time. Passed. (Ayes 37. Noes 0. Page 823.) Ordered to the Assembly. passage, reading-3, reading-1
2019-04-25 In Assembly. Read first time. Held at Desk. reading-1
2019-05-16 Referred to Com. on JUD. referral-committee
2019-05-28 June 4 set for first hearing canceled at the request of author.
2019-06-13 From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD. reading-1, reading-2, amendment-passage, committee-passage, referral-committee
2019-06-17 June 18 hearing postponed by committee.
2019-06-20 June 25 hearing postponed by committee.
2019-06-26 From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD. reading-1, reading-2, amendment-passage, committee-passage, referral-committee
2019-07-02 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 12. Noes 0.) (July 2). Re-referred to Com. on APPR. committee-passage-favorable, committee-passage, referral-committee
2019-08-14 From committee: Do pass. (Ayes 18. Noes 0.) (August 14). committee-passage-favorable, committee-passage
2019-08-15 Read second time. Ordered to third reading. reading-1, reading-2
2019-08-22 Read third time and amended. amendment-passage, reading-3, reading-1
2019-08-22 Ordered to third reading.
2019-09-03 Read third time. Passed. (Ayes 77. Noes 0. Page 2956.) Ordered to the Senate. passage, reading-3, reading-1
2019-09-03 In Senate. Concurrence in Assembly amendments pending.
2019-09-04 Ordered to special consent calendar.
2019-09-04 Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2530.) Ordered to engrossing and enrolling. amendment-passage, committee-passage-favorable
2019-09-10 Enrolled and presented to the Governor at 4 p.m.
2019-10-02 Approved by the Governor. executive-signature
2019-10-02 Chaptered by Secretary of State. Chapter 474, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/7a56b0af-88d5-4016-b850-2ef3f694aae7. Confidence: reported (aggregated from official California legislature records).