A.B. 3088 – Tenancy: Rental Payment Default: Mortgage Forbearance: State of Emergency: COVID-19
On August 31, 2020, Governor Newsom approved AB 3088 as an emergency measure that went into effect immediately. AB 3088 made important changes in many different California statutes. Two of those changes have an important impact on lenders holding liens on residential property of 1-4 residential units, borrowers who own such properties and tenants who occupy such properties.
For more information, please view the Compliance Bulletin.