California established permanent requirements for mortgage forbearance in disaster situations, expanding relief to borrowers affected by disasters.
What changed
Permanent disaster mortgage forbearance requirements were instituted.
Compliance perspective
Lenders must update their forbearance policies to align with state mandates.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.