Summary of CA AB 957
http://www.leginfo.ca.gov/pub/09-10/bill/asm/ab_0951-1000/ab_957_bill_20090616_amended_sen_v96.pdf
· A seller (A mortgagee, beneficiary under a deed of trust, or other person who acquired title to residential real property at a foreclosure sale, including a trustee, agent, officer, or other employee of any such mortgagee, beneficiary, or other person.) shall not, directly or indirectly, as a condition of receiving offers or selling residential real property to a buyer, require the buyer to purchase for the property any of the following from a title insurer or escrow agent:
o Title insurance
o Escrow Services, or
o A Natural Hazard Disclosure Statement
·
A seller who violates this will be liable in an
amount equal to three times all charges made for the title insurance, escrow
service, or a Natural Hazard Disclosure Statement
·
Effective upon passage and remains in effect
until