Updated July 5, 2012 with roll-call votes for San Diego legislators
July 2, 2012 (Sacramento) – “Sometimes David beats Goliath...Just a few minutes ago, the Homeowner Bill of Rights was passed by the California State Legislature," the Alilance of Californians for Community Empowerment (ACCE) annouced. "This means that Wall Street Banks are on notice: California will no longer tolerate the unfair and abusive foreclosure practices of the big banks."
The legislation sought by California Attorney General Kamala Harris is now on Governor Jerry Brown’s desk awaiting signature. Hailed as a victory for homeowners, the landmark legislation passed despite the banking industry spending $70,000 a day on lobbying efforts to defeat the bills.