Bill > AB2145

This bill, by adding Section 2924.4 to the Civil Code, would allow a borrower who has reached retirement age to transfer the existing interest rate and remaining loan term of their current mortgage, which is secured by a deed of trust on their primary home, to a new mortgage on a different home that will become their new primary residence. This provision would apply to any mortgage loan that is active on January 1, 2027, as well as any new mortgage loans originated on or after that date, providing a potential benefit for seniors looking to relocate without facing a new, potentially higher, interest rate on their home loan.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2145