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Assembly committee advances bill to extend mortgage forbearance for LA wildfire survivors
Summary
The Assembly Judiciary Committee voted to move AB 238, which would allow wildfire-affected homeowners in Los Angeles County to request up to 180 days of initial mortgage forbearance with the option to extend to one year; the bill cleared committee on a voice/roll-call and will go to Appropriations.
Assemblymember Harabedian introduced AB 238 on the Assembly Judiciary Committee floor, telling members the bill would create a clear, accessible safety net for Los Angeles County wildfire survivors by allowing borrowers to request an initial mortgage forbearance of up to 180 days, with the option to extend for additional relief up to one year in total.
The bill’s author said preliminary data show widespread property loss and displacement in the January wildfires in Los Angeles County and argued that short-term relief already provided by many lenders — a governor-led industry agreement for 90 days’ relief — is insufficient for long-term recovery. “Without relief, these mounting financial burdens could trigger a wave of foreclosures,” the author said in committee testimony.
A coalition of tenants’ and labor…
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