Via an amendment to Assembly Bill 2501, California Assembly Banking and Finance Chair Monique Limon

has introduced sweeping forbearance legislation that will influence single-family and multifamily mortgages, auto-secured funding, Property Assessed Clean Energy (SPEED) financing, and pay day loans. NHomeowner, Tenant, and customer Relief Law of 2020, the balance offers up mandatory long-lasting forbearances; prohibitions on foreclosures, evictions and repossessions; and mandatory repayment plans and charge limitations on pay day loans.