Governor signs mortgage relief bills for L.A. County and state wildfire victims

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Set us as preferred Legislation that will extend mortgage relief to victims of the January 2025 Los Angeles County wildfires and establish a similar permanent program for disaster victims statewide was signed into law Tuesday by Gov.Gavin Newsom.The mortgage forbearance bills by Assemblymember John Harabedian (D-Pasadena), who represents the devastated Eaton fire zone, follow a law enacted last year that gave victims of the Jan.

7 fires up to 12 months of mortgage relief.“Wildfire recovery does not end when the flames are extinguished,” Harabedian said in a statement.“Unfortunately we know that climate change will make natural disasters more frequent and severe throughout California.” Business A bill offering one year of mortgage relief to victims of the January wildfires was signed by Gov.

Gavin Newsom this week and takes effect immediately.AB 1847 extends relief for a total of 24 months for L.A.County homeowners suffering financial hardship whose homes remain uninhabitable.

It also gives them until Jan.7, 2029, to apply for the additional forbearance.AB 1842 establishes a statewide program providing up to 12 months of mortgage relief for homeowners whose homes are made uninhabitable after a federally declared emergency.“These new protections will make insurer obligations clearer and give homeowners more financial flexibility when they need it most.

As fire seasons across the West become a year-round reality, California’s commitment to recovery must be just as enduring,” Newsom said in a statement.The governor created a voluntary program in January 2025 within weeks of the firestorms in Altadena, Pacific Palisades and nearby areas that 420 institutions signed on to and that initially provided just three months of relief.Months later, he signed AB 238, a Harabedian bill that provided for 12 months of mortgage...