California Legislative Update
Last year, the California Legislature passed SB 1150 (successors-in-interest), which the California MBA has opposed. Although we are disappointed in the bill’s passage, the California MBA led the effort to improve the bill and voice the concerns of the real estate finance industry. As a result of those efforts, significant improvements were made to the bill’s language, including the following amendments: inclusion of a ‘safe harbor’ for compliance with the CFPB related rule; a 175-foreclosure threshold; and a 3-year sunset. Click here to read our opposition letter. Click here for more information about all the legislation the California MBA is tracking this year!
February 16, 2017 CFPB Wins New Chance to Defend Single-Director Power Structure
February 16, 2017 MBA predicts 2017 will bring steady, modest economic growth
February 16, 2017 Port Trade Surges in January
February 14, 2017 Eight trends in commercial real estate