Archive | New Laws

State Rent Control – Assembly Bill 1482

The bill will restrict landlords from raising rents by more than 5% plus the regional Consumer Price Index which is about 2.5% in any year. Again in this bill there are exceptions. Less than ten years old, and buildings owned by landlords with 10 or fewer single-family units. For more information: https://www.lamag.com/citythinkblog/california-rent-control/

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Independent Contractor Law Change – Assembly Bill 5

A small number, a big change for California. It codifies a stricter set of requirements laid out in a California Supreme Court decision regarding the classifying of employees. Simple English: More 1099’s will become W-2’s. You should check to see who lobbied and got exceptions. Doctors, dentists, insurance agents, stockbrokers, lawyers, accountants, engineers, and real […]

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Interest Rate Caps – Assembly Bill 539

This bill is waiting signature by the Governor as of 9/16/19. His comments on payday lenders during the 2018 election indicates that he will sign it. This is the first change in 30 plus years. Lenders can ONLY charge 36% plus the Federal Funds Rate which currently is 2%. This rate applies to loans from […]

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HOBOR (HOMEOWNERS BILL OF RIGHTS)

New changes were passed by the State Senate and Assembly in 2018. The foreclosure volume has almost disappeared, but it is never too late to study foreclosure regulations to “protect your clients.” For more information, I recommend this article from Nolo.com. They are known for protecting tenants and as a Property Manage (CPM) for decades […]

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CHANGE TO REGS YESTERDAY

Last URLA Post The last post was written early morning on the 12th of June. The following link discloses that the effective dates were changed and now no one knows when they will start. The lender and servicing lobby strikes again. Will pass along the information when we find it. Theresa Ballard, Compliance Icon from […]

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Harassment Laws Started January 1, 2019

New Bill SB1343 Expands the number and type of employees who must have sexual harassment education. Currently, employers with 50 or more employees must give the training. By January 1, 2020 California employers with at least five employees must provide sexual harassment prevention training and education to all supervisory employees (at least 2 hours) and […]

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