Burned-Out Homeowners’ Mortgage-Pause Bill Clears Key Senate Committee

A California bill to allow homeowners to pause mortgage payments after declared disasters advanced through the Senate Banking and Financial Institutions Committee with a 7-0 vote. The bill, AB 1842 (California Emergency Mortgage Relief Act), was authored by an Assemblymember whose district was impacted by the Eaton Fire and now moves to the Senate Judiciary Committee. The legislation is not yet law.