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Can you summarize 10 CACR Chapter 1, Subchapter 4?
Commissioner of Business Oversight, Division of Financial Institutions > California Foreclosure Prevention Act [Repealed]
Short Summary
The provided legal document content pertains to the application process for temporary exemption from subdivision (a) of Civil Code Section 2923.52 under the California Foreclosure Prevention Act [Repealed]. The document specifies the requirements for comprehensive loan modification programs in California, including specific debt-to-income ratios, modification features, and targeting borrowers to keep them in their homes. The application must be filed with the appropriate agencies based on the type of license held by the applicant. The document also outlines the reporting requirements for mortgage loan servicers under the California Foreclosure Prevention Act, including the submission of loan modification data on a quarterly basis. It further explains the process for modifying comprehensive loan modification programs and the filing process for the application. No specific exemptions or penalties are mentioned in this document.
Whom does it apply to?
Individuals or entities seeking an order of exemption from Section 2923.52 of the California Foreclosure Prevention Act
What does it govern?
California Foreclosure Prevention Act [Repealed]
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
California