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Committee advances Sen. Perez’s bill to curb unsolicited investor offers after wildfires
Summary
SB 1090 would bar unsolicited purchase offers for five years by large owners in declared wildfire disaster zones; proponents said Altadena residents faced persistent lowball solicitations after the Eaton Fire, while real-estate and title groups raised enforcement and First Amendment concerns.
Senator Perez presented SB 1090 to prohibit unsolicited purchase offers for five years in declared wildfire disaster areas when the outreach comes from any entity owning 75 or more single-family properties. The author said the measure is modeled on federal and executive actions and aims to protect disaster survivors from persistent lowball solicitations…
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