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SB 1183 Signed Into Law

Governor Brown signed UTA sponsored legislation, SB 1183, into law today.  The legislation was introduced by Senator Mike Morrell (R-40).  The new law amends Civil Code Section 2920.7 to exclude reverse mortgages from the successor in interest provisions in current law, signaling that it is inappropriate to send non-borrowing survivors information on assuming loans which are non-assumable.

Read a copy of the bill

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