California Mortgage Foreclosure Reform – “Homeowner Bill of Rights”
Two hour tele-web seminar September 5, 2012
A special webinar from the California Bankers Association’s Government Relations group devoted to what you need to know about the newly enacted California Attorney General’s “Homeowner Bill of Rights.”
This tele-web seminar will begin on Wednesday, September 5, 2012 at 11:30 AM to 1:30 PM Pacific Time.
Much of this webinar is dedicated to the work product of a state legislative conference committee convened to specifically focus on prohibiting dual-tracking, requiring single points of contact as a means to improve borrower communication, increasing standards on loan documentation and imposing legal liability through private rights of action. Also featured is a discussion about the non-controversial measures contained with the Homeowner Bill of Rights pertaining to blight deterrence and the rights of tenants who rent or lease foreclosed properties.
This presentation will focus on:
- Understanding compliance obligations for mortgage servicers that experience 175 or fewer foreclosures in a calendar year compared to the statutory obligations of mortgage servicers that experience more than 175 foreclosures in a year.
- New requirements to the non-judicial foreclosure process, including consideration of completed applications for first lien loan modifications and statutory responses regarding eligibility for loan modifications and foreclosure prevention alternatives.
- Identifying when a single point of contact must be assigned to a potentially-eligible borrower.
- An overview of the legal liability faced by mortgage servicers for violations of the law, including the possible awarding of attorney’s fees.
Senior executives/managers, chief credit officers, chief risk officers, residential loan officers, compliance, audit, bank counsel, special assets, loan workout specialists, credit administration.
Neil Rubenstein, Shareholder
BuchalterNemer, a Professional Corporation
William L. Stern, Partner
Morrison & Foerster LLP
Nancy R. Thomas, Partner
Morrison & Foerster LLP
Peter S. Munoz, Partner
Reed Smith LLP.
For any participants on the call who are attorneys and who would like to receive California MCLE credit, send an email message to firstname.lastname@example.org to request a Certificate of Attendance. You should treat your participation as self-study by recording the title, provider, number of hours, and date of activity into your personal self-study log. Please refer to Section 2.73 of the State Bar’s MCLE rules for attorneys at www.calbar.ca.gov.
Member price: $250.00 | Non member price $500.00