Assembly BillPassed both housesCivil
AB 1957: Mortgages: foreclosure.
What AB 1957 does, verified August 26, 2026
This bill amends existing law to change the rules for trustee's sales of property, which is used to foreclose on mortgages. It removes prospective owner-occupants and eligible nonprofit corporations from the definition of eligible bidders. The bill applies these new rules only to trustee's sales of eligible property, which must meet certain criteria. Eligible bidders who submit bids must now include an additional amount, 1.2% of the highest bid, in their bid. This change aims to make the foreclosure process more transparent and fair.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
5GovernorCurrent
6ChapteredPending
Last action: Enrolled and presented to the Governor at 4 p.m. (2026-08-25)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $15/moUnlockRecent actions24 total · showing 5
| Aug. 25, 2026 | Enrolled and presented to the Governor at 4 p.m. |
| Aug. 19, 2026 | Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 62. Noes 0.). |
| Aug. 17, 2026 | In Assembly. Concurrence in Senate amendments pending. |
| Aug. 17, 2026 | Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.). |
| Aug. 04, 2026 | Read second time. Ordered to third reading. |