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Bills

AB 2145: Housing finance: barriers to downsizing: study.

  • Session Year: 2025-2026
  • House: Assembly
  • Latest Version Date: 2026-04-29

Current Status:

In Progress

(2026-04-30: Read second time. Ordered to third reading.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Enacted

Version:

Existing law establishes the Department of Housing and Community Development and authorizes the department to study the operation and enforcement of specified laws related to housing finance, taxes, redevelopment programs, and public housing projects, as related to housing and community development.

This bill would require the department, upon appropriation by the Legislature, to conduct a study to assess the need and desire among seniors 60 years of age and older to downsize their homes, as specified. The bill would require the department to submit a report on the study to the Legislature within one year of an appropriation made for this purpose. The bill would repeal its provisions on January 1, 2032.

Existing law generally regulates mortgages and mortgage servicers, including, among other things, prohibiting the acceleration of a loan secured by a mortgage upon specified transfers of residential real property.This bill would authorize a borrower who has reached retirement age to transfer the interest rate and remaining loan term secured by a mortgage on residential real property to a mortgage secured by a new principal residence, as specified.

Discussed in Hearing

Assembly Standing Committee on Judiciary6MIN
Apr 28, 2026

Assembly Standing Committee on Judiciary

View Older Hearings

News Coverage:

AB 2145: Housing finance: barriers to downsizing: study. | Digital Democracy