SB263 Beginning January 1, 2023 there will be a new 2 hour course required when Real Estate Licensees want to complete their 45 hours of Continuing Education every four years. The course is entitled, “Implicit Bias”. Senator Susan Rubio (D-Baldwin Park), the author said that “Systemic racism and bias can make it even more difficult […]
SB 908 SB 908 was passed in late 2020 and the major aspect is that all Debt Collectors must be licensed through the State Department of Finance, Protection and Innovation by January 1, 2022. Maybe it is time to start the process. It would be a shame if some debt collectors would not be able […]
Tenant Protection Act of 2019 AB 1482 is in full effect. Most all individually owned single family rentals are exempt. But you must notify your tenants of your exemption. Rent Cap and Just Cause Addendum 12/19 I’m using CAR form RCJC, 12/19, a three pager. Good luck.
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 […]
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 […]
URLA Changes Yes, the URLA that you have been using is a-changing. Optional use of the new rendition begins July 1, 2019 (in less than a month) and mandatory usage begins February 1, 2020. Important point to consider. New Lender Loan Information Form There will be a new Lender Loan Information Form. This information was […]
VA Changes A new Act was passed making some VA changes as of May 25, 2018. The name of the Act: “Protecting Veterans from Predatory Lending.” The Department of Veterans Affairs felt that lenders were refinancing VA loans when the REFI was not in the “best interests of the Veteran.” Go figure. Multiple Factors You […]
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 […]
There Have Been Many Discussions About entertainment and meals deductions under the Tax Cuts and Jobs Act. The answer is different for each. A reference that you might check is IRS Notice 2018-76. Put that in your browser and you have your answers. My understanding is that deductions for entertainment, amusement, or recreation are kaput, […]
The State Of California In Their Fashion Has Passed Two New Bills AB 1289 and AB2884. They were sponsored by CAR. On both bills the final votes in the Assembly was 80-0 and in the Senate 39-0. Not too much controversy. CAR calls them “clean-up legislation” and they changed large segments of the Civil Code […]
