April 9, 2013 > $1M grant to benefit California homeowners
$1M grant to benefit California homeowners
Submitted By the Office of the state Attorney General
Attorney General Kamala D. Harris announced a $1M California Homeowner Bill of Rights (HBOR) implementation grant to The National Housing Law Project, on March 28, 2013.
"Californians were hit hard by the mortgage crisis and many still struggle to stay in their homes," Harris said. "The California Homeowner Bill of Rights gives borrowers more opportunities to stay in their homes and this grant will help make sure the law is applied across the state and that everyone gets the protection they are entitled to."
HBOR is a set of landmark laws that extend key mortgage and foreclosure protections to California homeowners and borrowers. The laws, which took effect at the beginning of 2013, restrict dual-track foreclosures, guarantee struggling homeowners a reliable point of contact at their lender, impose civil penalties on fraudulently signed mortgage documents and require loan servicers to document their right to foreclose.
This grant will maximize consumer benefits from the HBOR, while minimizing abuses of the law by providing training to California consumer and housing attorneys from both private and non-profit firms.
Funds provided through this grant were secured by Harris through the $18 billion National Mortgage Settlement.
The State Bar has partnered with the Attorney General's Office to administer the grant and monitor compliance. The National Housing Law Project will provide quarterly financial and program reports to the State Bar and the Attorney General's Office.