3273.24
Effective Sep 22, 2025Added by Stats. 2025, Ch. 128, Sec. 1. (AB 238) Effective September 22, 2025.
- (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.