Four years ago, Professor Dan Schechter and several other members of the Insolvency Law Committee of the Business Section of the California State Bar proposed and drafted a bill to extend antideficiency protection to homeowners who had refinanced their purchase money loans. After several versions and amendments, that bill was signed into law by Governor Jerry Brown on July 9, 2012. Schechter was one of the primary drafters of the Legislative Comments that accompany the newly-amended statute.
Tuesday, July 10, 2012
Professor Dan Schechter's Bill Becomes Law
Four years ago, Professor Dan Schechter and several other members of the Insolvency Law Committee of the Business Section of the California State Bar proposed and drafted a bill to extend antideficiency protection to homeowners who had refinanced their purchase money loans. After several versions and amendments, that bill was signed into law by Governor Jerry Brown on July 9, 2012. Schechter was one of the primary drafters of the Legislative Comments that accompany the newly-amended statute.
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