Senate Bill 94 – The law has changed, now what?

On October 11, 2009, Governor Schwarzenegger signed into law Senate Bill 94. This law addresses how third parties can accept fees for loan modifications. The bill covers not only loan modification companies, but also attorneys who are hired by homeowners to represent them in [...]

The California State Senate has passed Senate Bill 94 (”SB 94?), legislation proposed by Sen. Ron S. Calderon (D-Montebello), Chairman of the Banking, Finance & Insurance Committee. The senate passed the bill on May 21, 2009, by a vote of 21 to 14. It is now in the state assembly where it has been read [...]