a. AB 2170-Foreclosures CAMP Support- Passed Assembly and Senate, sent to Governor 8/31
b. SB 1176-CAMP Oppose -Died in committee
c. AB 1093- Online Notaries CAMP Support- Died in committee
d. AB 1771 Housing Speculation Act 25% Tax surcharge CAMP Oppose - Died in committee
e. AB 2269 Digital Financial Assets Law CAMP Oppose Unless Amended- Amended, Passed Assembly and Senate, Vetoed by Governor 9/23/22
ENROLLMENT. Occurs when bills are filed with the Governor and resolutions are filed with the Secretary of State, after they have been accepted by both Houses.
The California Legislature 2022 Session is over effective August 31, this was the second year of the 2-year session. Any Bills not passing this year die and will have to be reintroduced next Session in January 2023.
Federal Bills Status
a. HR 7661 Trigger Leads Abatement Act- makes trigger leads illegal. Looking for co-sponsors
b. HR 3172/S 2981 “Helper Act”, no down payment and no monthly mortgage insurance for 1st responders- police, firefighters, military, teachers, EMTs; over 60 bi-partisan co-sponsors, need specific CA Members of Congress to co-sponsor (Pelosi, Sherman, Waters, Vargas)
c. HR 3962 The Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2022- Sponsored by Rep. Dean Madeleine- Passed House of Representatives, now in the US Senate
d. S 1625 Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2021, 12 co-sponsors (companion bill to HR 3962) need co-sponsorship
CAMP Political Action Committee
Protect our industry and grow CAMP's political influence by contributing to CAMP's State and/or Federal PAC.
Visit the CAMP PAC Webpage HERE.
As most already know...The California Bureau of Real Estate ceased to exist as of July 1, 2018 and returned to the Department of Real Estate once again.
During the post meeting follow-up, the form below was presented to the DRE Mortgage Loan Activities division and deemed to meet their criteria for an LE Addendum to substitute in place of the standard DRE MLDS (mortgage loan disclosure form).
CAMP Members: Click the button below to download this form.
Here are the instructions to add the California REL Supplemental Disclosure form to Calyx Point:
When go to print or “Ink It”, just select from Custom Forms. No need to have the borrower sign a separate MLDS unless you prefer.