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Mortgage Lenders › Consumer Financial Products › California

Kilpatrick

California Seeks to Expand DFPI’s Consumer Finance Enforcement Authority with Senate Bill 825

Kilpatrick on

California Senate Bill 825 is aimed at expanding the state’s authority to enforce its consumer finance laws by eliminating an existing exemption for persons licensed by the Department of Financial Protection and Innovation...more

Sheppard Mullin Richter & Hampton LLP

California AB 3108 Creates Potential Mortgage Fraud Issue for Lenders on Owner-Occupied Mortgage Loans Made for a Business Purpose

Sheppard Mullin Richter & Hampton LLP on

California Assembly Bill 3108 became effective on January 1, 2025 and could conceivably make certain business purpose loans secured by owner-occupied property subject to mortgage fraud claims by the borrowers. The primary...more

Ballard Spahr LLP

Led by California MBA, five banks provide mortgage relief for fire victims

Ballard Spahr LLP on

Led by the California Mortgage Bankers Association, five lenders have made commitments to provide mortgage relief for the victims of the California wildfires....more

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