A.B. 1885 – Homestead Exemption Expansion
AB 1885, which was chaptered on September 18, 2020, will expand the homestead exemption to increase the amount of equity a homeowner can retain and decrease the assets for a creditor to pursue to satisfy an outstanding debt. The effective date of the new law will be January 1, 2021.
For more information, please view the Compliance Bulletin.