California Foreclosure Prevention Act

On February 20, 2009, Governor Schwarzenegger signed ABX2 7 and SBX2 7, which established the California Foreclosure Prevention Act (CFPA).  Within the terms of the bill, the law had a  sunset provision and as of January 1, 2011 the law is no longer in effect.

Fourth quarter 2010 was the last quarterly report due to the DFI under the provisions of the CFPA.  Quarterly CFPA reports are no longer required of institutions provided an exemption.

Questions regarding the CFPA can be directed to survey@dfi.ca.gov.