Senate Banking and Financial Institutions Committee
Coverage of Senate Banking and Financial Institutions Committee in the Nexus archive.
- AB 1847 Mortgage Relief for Fire Survivors Clears State Senate Committee
AB 1847, a bill to extend mortgage forbearance for Eaton and Palisades fire survivors from 12 to 36 months, passed the California Senate Banking and Financial Institutions Committee. The legislation was authored by Assemblymember John Harabedian, whose district was affected by the Eaton Fire.
- 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.