New Foreclosure Moratorium Bill Introduced in California

A bill that would enact a foreclosure moratorium for up to 24 months, AB 1436, has been introduced in appears headed for consideration in the California Assembly. After failing passage in June, AB 2501, appears to be dead. That bill would have imposed a blanket one-year foreclosure moratorium and required...

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UTA Accepting Nominations for Board Director Seats

UTA is now accepting nominations for seats on the 2021 UTA Board of Directors. This year the membership will be electing six seats to the Board of Directors. Terms for each of the seats is for three years, beginning on January 1, 2021 and ending on December 31, 2023. The...

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Visions of Days Gone By, Or Reinventing the Wheel

In early January, Governor Gavin Newsom presented the Legislature with his proposed budget for fiscal year 2020-2021, which commences on July 1.  Building upon nearly a decade of explosive growth in the economy and stock market, Governor Newsom proposed a $222 billion general fund spending plan, with very significant new...

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Foreclosure Moratorium Proposed

AB 2501 would enact a moratorium on residential foreclosures and evictions. It provides indiscriminately a one year complete moratorium on multi-family and residential mortgages, effective January 1. After that, a borrower, self-attesting that they have a COVID impact, can get two 180-day forbearances.  It has been fast tracked by the...

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UTA Bills Progressing

In California, SB 908 would create a new licensing program for debt collectors. While that bill appears to be moving through the legislative process, with a hearing before the Senate Appropriations Committee on June 9th, we are pleased to report that we have successfully secured an exemption for trustees in...

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Coronavirus Update

During this time of uncertainty UTA will post links on its website to enable you to stay current on the latest information on court closings and shelter-in-place orders from local governments. Because the situation is fluid and unprecedented, if you are unsure about whether a particular court house is open or...

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UTA Virtual Townhall on Coronavirus Set for March 24th

Given the current state of affairs and the orders coming from the federal to local governments, we are holding a virtual townhall meeting to discuss how Covid-19 and the governmental responses are affecting our industry including the closure of public locations, limits on the number of people congregating (what if...

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