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Assembly committee places wildfire mortgage-forbearance bill on suspense after lender concerns
Summary
Assemblymember Matt Herbedian introduced AB 238, which would let Los Angeles County wildfire survivors request mortgage forbearance of up to 180 days (extendable to one year), but the Appropriations Committee placed the bill on the suspense file after lenders and mortgage servicers flagged conflicts with federal investor guidelines.
Assemblymember Matt Herbedian introduced AB 238 to the Assembly Appropriations Committee on March 19, 2025, saying the bill "provides crucial safety net for LA County wildfire survivors." Under the measure, borrowers could request an initial forbearance of up to 180 days, with the option to extend "for additional relief if needed for up to 1 year maximum."
The bill drew immediate support from consumer advocates. Robert Harrell, executive director of the…
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