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Homeowner Protections Signed Into Law

On January 1, 2013, the California Homeowner Bill of Rights became law to ensure fair lending practices and to protect California Homeowner Bill of Rights Becomes Lawhomeowners from unfair borrowing practices.

This law has been praised by consumer advocates, but criticized by the lending industry. Its protections are necessary in light of recent national economic events that have often put homeowners at the mercy of their home mortgage lending servicer without much recourse. The law insures accountability on behalf of lenders and closes some loopholes in other areas regarding the buying, selling and renting of real estate as well.

Here is a summary of the California Homeowner Bill of Rights

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