CAI-CLAC Strongly Opposes Two State Bills that Threaten Financial Well-Being, Local Control of Millions of California Homeowners

The California Associations Institute’s California Legislative Action Committee (CAI-CLAC) is urging residents living in more than 50,000 common interest developments throughout the state to contact their elected representatives and urge them to vote no on Senate Bill 2 and Assembly Bill 634 to protect their rights and, for some, their financial health.  SB 2: “Robbing Peter to Pay Paul”    Senate Bill 2 imposes a $75 fee to be paid at the time of recording of every real estate instrument, paper or notice with the exception of commercial or residential sales. This includes Deeds of Trust, Requests for Notice of Default, Notice of Trustee Sale, Quit Claim Deeds, just to name a few. The stated purpose for this bill is to fund affordable housing programs.     Read the article……………..

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