Courage Campaign Success Stories

Homeowner Bill of Rights Signed into Law

In April 2012, following the introduction of the Homeowner Bill of Rights (SB 900 and AB 278) by Attorney General Harris and California legislative leaders, Courage Campaign launched The Foreclosure Flashlight. Our purpose was to shine a light on key California legislators, how foreclosures affected their districts, how much money they’ve taken from the banking industry, where they stood on a strong, pro-homeowner bill, and to encourage Californians to contact their legislator. Over the next several months as more and more allied organizations, bloggers and activists used the whip count, one by one, we won the key votes.

On July 2nd, the Homeowner Bill of Rights passed both houses of the California Legislature — see the votes by key members here. And on July 11th, Governor Jerry Brown signed it into law (beginning January 1, 2013). This marks an unprecedented victory over Big Bank lobbyists to pass fundamental reform that ends the most deceptive and unethical foreclosure practices, including ending the inability to sue in court if a Californian’s home is illegally foreclosed upon, and ending the practice of “dual tracking” where a bank begins the foreclosure process while still in refinance negotiations with the homeowner. Help us ensure the law is implemented effectively, as we know Big Bank lobbyists will work at every turn to undermine the regulatory process.

This is a rare David vs. Goliath victory, and we were proud to partner with the Alliance of Californians for Community Empowerment, California Reinvestment Coalition, Center for Responsible Lending, PICO, State Labor Federation, National Council of La Raza, Cal-PIRG, Consumers Union,, and Rebuild the Dream.