Thursday, September 25, 2008

Governor Schwarzenegger Signs Several Real Estate & Lending Bills

Per a press release from Governor Schwarzenegger's office, he signed several real estate and lending related bills today. Yay for California! A brief summary of some of them;

SB 1461; real estate licensees required to publish license info in certain advertising
SB 870; allows CalHFA to structure a refinance program
SB 1055; mortgage debt forgiveness similar to the federal legislation
SB 1675; provides the California Department of Veterans Affairs with the discretion to structure the terms and conditions of any authorized debt issuance

Good see other state and federal legislation pertaining to the real estate industry, click here.

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