TITLE 19.1. Mortgage Forbearance Act

Title 19.1 added by Stats. 2025, Ch. 128, Sec. 1.

§§ 3273.20–3273.30 · 11 sections

• § 3273.20 This title is known, and may be cited, as the “Mortgage Forbearance Act.”
• § 3273.21 For purposes of this title, the following terms have the following meanings: (a) (1) “Borrower” means a natural person who is a mortgagor or trustor, or a…
• § 3273.22 This title applies to a depository institution chartered under federal or state law, a person covered by the licensing requirements of Division 9 (commencing…
• § 3273.23 (a) A borrower who is experiencing financial hardship that prevents the borrower from making timely payments on a residential mortgage loan due directly to the…
• § 3273.24 (a) A mortgage servicer shall disclose to a borrower to whom a forbearance has been granted pursuant to Section 3273.23 that the forborne mortgage payments are…
• § 3273.25 During the time of forbearance granted pursuant to this title, a mortgage servicer shall not initiate any judicial or nonjudicial foreclosure process, move for…
• § 3273.26 Failure to comply with this title shall not affect the validity of a trustee’s sale or a sale to a bona fide purchaser for value.
• § 3273.27 (a) (1) With respect to a federally backed loan, a person shall not be held liable for a violation of this title if compliance with this title conflicts with…
• § 3273.28 The Department of Financial Protection and Innovation shall post all of the following on its website: (a) Links to the provisions of servicing guidelines…
• § 3273.29 (a) It is the intent of the Legislature that a mortgage servicer offer a borrower forbearance that is consistent with the mortgage servicer’s contractual or…
• § 3273.30 The provisions of this title are severable. If any provision of this title or its application is held invalid, that invalidity shall not affect other…