Assemblywoman Christy Smith (D-Santa Clarita) is pleased to announce her Assembly Bill (AB) 1106, which extends Los Angeles County’s Enhanced Homeowner Notification Program, has received Governor Gavin Newsom’s signature. The bill continues the program’s fraud prevention, information and free counseling services for property owners and tenants. The measure also marks Assemblywoman Smith’s third bill signed into law.
“It’s no secret California is facing a housing crisis, even during this period of economic expansion,” Assemblywoman Smith said. “This bill provides a safety net for homeowners who have worked hard to purchase and maintain their homes. I’m immensely proud to partner with the Los Angeles Department of Consumer Business Affairs (DCBA) to prevent foreclosure and real estate fraud, promote tenant protections and honor the dignity of work.”
The program has equipped homeowners with resources to keep their homes since its inception in 1992. Through the enhanced program, DCBA has been able to prevent home foreclosures, facilitate successful loan modifications and help homeowners navigate predatory real estate practices. The bill allows Los Angeles County to continue these services for another decade by extending the sunset date. AB 1106 also amassed coauthor support from fellow Los Angeles County representatives, Assemblymembers Richard Bloom (D-Santa Monica) and Al Muratsuchi (D-Torrance) and Senator Henry Stern (D-Malibu).
“The Department of Consumer and Business Affairs’ Foreclosure Prevention Program has saved over 475 homes from foreclosure, helped homeowners save more than $30 million in successful loan modifications and helped them with fraud avoidance,” said Joseph Nicchita, Director of Los Angeles County Department of Consumer and Business Affairs. “I thank Assemblywoman Smith for championing this measure with support from Assemblymembers Bloom and Muratsuchi and Senator Stern, ensuring the homeowners of Los Angeles County can continue receiving this important service.”
AB 1106 takes effect on January 1, 2020.