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The conclusion of the first half of the 2009-10 legislative session has brought many new laws that may affect California REALTORS® and their clients. Not surprisingly in the subprime aftermath, prominently featured among the new laws is stricter regulation of the mortgage lending industry. To view the full text and legislative summary of any of the following new bills, go to www.leginfo.ca.gov. Continue reading: New California Laws for 2009-10 Affecting REALTORS 2009 Legislative Victories C.A.R.’s Government Affairs team successfully represents your interests before state government, preserving your ability to do business and protecting private property rights. This year C.A.R., with lots of help from grassroots REALTORS® successfully fought several potentially harmful proposals. Thank you to everyone who responded so quickly to the various Red Alerts this year. Your actions made a difference. Stopped 3% Independent Contractor Withholding The first year of the two year legislative cycle ended Friday. As a direct result of C.A.R.’s and members’ legislative efforts, we had several big, last-minute wins before the state legislature adjourned its regular session. The Legislature doesn’t come back until January, when bills that failed to pass this year can be brought up again for a vote. There are already rumors they will be called back into a special session to deal with water issues before then. The following updates reflect the most-recent news from the last few days of this legislative session: C.A.R. opposed AB 226 and AB 291, both of which relate to the powers of the California Coastal Commission. The Commission would like to extend its control over most of the population centers of California, and the bills would set dangerous precedents for state government agencies. With C.A.R.’s opposition, AB 226 and AB 291, did not have the votes necessary to pass and were placed on the Inactive File by their authors. These bills can be voted on next year. |
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Thursday, October 22nd, 2009
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