California Civil Code

§ 3273.24

CIV § 3273.24 Effective Sep 22, 2025Div. 3 · Title 19.1 · Part 4

Statute text

(a)A mortgage servicer shall disclose to a borrower to whom a forbearance has been granted pursuant to Section 3273.23 that the forborne mortgage payments are required to be repaid.

(b)The disclosure required by subdivision (a) is only required to be furnished to the borrower once at the beginning of the forbearance period.

(c)A lump sum payment shall not be required for a borrower who was current on the residential mortgage loan when the borrower entered forbearance.

Legislative history

Added by Stats. 2025, Ch. 128, Sec. 1. (AB 238) Effective September 22, 2025.