California Civil Code

§ 2924.11

CIV § 2924.11 Effective Jan 1, 2019Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 1

Statute text

(a)If a foreclosure prevention alternative is approved in writing prior to the recordation of a notice of default, a mortgage servicer, mortgagee, trustee, beneficiary, or authorized agent shall not record a notice of default under either of the following circumstances:

(1)The borrower is in compliance with the terms of a written trial or permanent loan modification, forbearance, or repayment plan.

(2)A foreclosure prevention alternative has been approved in writing by all parties, including, for example, the first lien investor, junior lienholder, and mortgage insurer, as applicable, and proof of funds or financing has been provided to the servicer.

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Legislative history

Repealed and added by Stats. 2018, Ch. 404, Sec. 16. (SB 818) Effective January 1, 2019.