california

Modifications to CA Civil Code 1916.1 Needed After Recent Court Ruling

By |2024-05-07T11:00:20-05:00May 1st, 2024|News|0 Comments

On April 23rd 2024, members of the American Association of Private Lenders wrote to Assemblymember Kate Sanchez regarding the challenges posed by a recent court ruling affecting loan modification laws in California. The letter addressed the ambiguity in usury exemptions for loans arranged by licensed real estate brokers and proposed a modification to clarify the [...]

By |2024-05-07T11:00:20-05:00May 1st, 2024|News|0 Comments

Proposed California bill would tax nearly all residences sold within 7 years of purchase

By |2022-04-26T10:25:26-05:00March 15th, 2022|Advocacy|1 Comment

California AB 1771 will charge an additional 25% capital gains tax on almost EVERY RESIDENTIAL PROPERTY sold within 3 years of purchase. UPDATE 4/25/22: The bill was heard for the first time by the Assembly Committee on Revenue and Taxation. Their bill analysis reiterated the main points of our official opposition letter: 1) that it [...]

By |2022-04-26T10:25:26-05:00March 15th, 2022|Advocacy|1 Comment

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