AB 238 the Mortgage Forbearance Act Signed Into Law

Assemblymember John Harabedian championed a new law, recently signed by Governor Newsom, to support survivors of the LA Fires. The law provides mortgage payment forbearance for eligible homeowners whose properties were destroyed or rendered uninhabitable by the fires. The initial forbearance period is 90 days, with the option to extend in 90-day increments for up to 12 months. This measure protects borrowers from late fees, penalties, additional interest charges, balloon payments, foreclosure proceedings, and negative credit impacts. Learn more here.