Mimics many major elements of the recent Congressional stimulus relief “Heroes Act”
On May 11, 2020, California House Banking and Finance Committee Assemblywoman and Committee Chair, Monique Limon (D) of Santa Barbara, introduced AB2501 “COVID-19: homeowner, tenant, and consumer relief Law of 2020”. Within it’s pages are proposals to create a moratorium on repossession, foreclosures during the COVID-19 period and an additional 180 days (6 months) after the “the emergency related to the COVID-19 disease has ended.” Unlike it’s Washington counterpart, this could very well pass in the Democrat controlled House and Governors House.
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