S09796Introduced in the Senate
Prohibits pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership where over fifty percent of the units are shareholder occupied.
IntroducedSenate Rules
Introduced by Luis Sepulveda, District 32
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Prohibits pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership where over fifty percent of the units are shareholder occupied.
Where it stands
COMMITTED TO RULES
June 5, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
REFERRED TO JUDICIARY
1ST REPORT CAL.1189
2ND REPORT CAL.
ADVANCED TO THIRD READING
COMMITTED TO RULES
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