California Civil Code

§ 2924.9

CIV § 2924.9 Effective Jan 1, 2019Div. 3 · Title 14 · Part 4 · Ch. 2 · Art. 1

Statute text

(a)Unless a borrower has previously exhausted the first lien loan modification process offered by, or through, his or her mortgage servicer described in Section 2923.6, within five business days after recording a notice of default pursuant to Section 2924, a mortgage servicer that offers one or more foreclosure prevention alternatives shall send a written communication to the borrower that includes all of the following information:

(1)That the borrower may be evaluated for a foreclosure prevention alternative or, if applicable, foreclosure prevention alternatives.

(2)Whether an application is required to be submitted by the borrower in order to be considered for a foreclosure prevention alternative.

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Legislative history

Added by Stats. 2018, Ch. 404, Sec. 12. (SB 818) Effective January 1, 2019.