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California Homeowner Bill of Rights Provisions Pass Committee

Two central provisions of the California Homeowner Bill of Rights passed through a conference committee Wednesday, sending the bills to expected votes early next week in the state assembly and senate.

The committee approved the Foreclosure Reduction Act, which restricts the process of dual-tracked foreclosures and the Due Process Rights Act, which guarantees a single point of contact for struggling homeowners to discuss their loan. The latter also imposes civil penalties on the practice of fraudulently signing foreclosure documents without verifying their accuracy.

If approved, the two Acts will travel to Governor Jerry Brown’s desk, where other provisions of the bill await approval. Brown has not indicated whether he will sign the passed legislation.

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