Today's Law As Amended


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AB-2024 Loan modification.(2009-2010)



As Amends the Law Today


SECTION 1.

 Section 2944.8 is added to the Civil Code, to read:

2944.8.
 Any lender or servicer that rejects a loan modification request shall, within 7 days, send by certified mail a notification to the borrower that specifically states the reasons why the loan modification request is rejected. Any documents provided pursuant to this section shall comply with Section 1632.