UTA, along with the California Mortgage Association and the California Mortgage Bankers Association, will be filing an amicus brief to reduce exposure to future tort claims brought by borrowers. The California Supreme Court has agreed to hear arguments in Sheen v. Wells Fargo, a case that will have far-reaching impacts...
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...
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...
UTA’s 45th Annual Conference will be held virtually, October 2nd-8th, 2020. “We will have a single session in the morning and another one in the early afternoon across four days [October 2nd will hold certification classes],” said David Dutcher, UTA President. “This will allow members to attend sessions while keeping...
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...
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...
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...
UTA has sent a letter to the Chairs of the appropriate committees in Congress expressing our opposition to legislation that would institute a moratorium preventing HOAs from collecting dues during this pandemic. A provision of HR 6379 and its companion measures in the Senate, S. 3565, would suspend debt collection...
By Holly Chisa, HPC Advocacy, UTA Washington State Lobbyist Like other states, Washington has been hit hard by COVID-19, closed businesses, and layoffs. The Employment Security Department, or ESD, which provides unemployment insurance benefits, estimates our unemployment rate is now at 15%. Some counties are finally allowed to move to...
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...