Last week, the bill to amend California’s individual debtor name rules cleared another hurdle in Sacramento. The California Assembly voted to agree to changes made by the Senate, and the bill now goes to Gov. Jerry Brown for his consideration. If signed into law as expected, California will join the majority of states and the District of Columbia in adopting what’s commonly called “Alternative A” or the “Only If” approach.
Meanwhile, the New York RRA9 legislation (Assembly Bill 9933), which passed in July, awaits Gov. Andrew Cuomo’s signature. It’s expected to go into immediate effect upon the governor’s signature.
The California bill contains a delayed effective date of January 1, 2015. For more details on the bill and its legislative history, please refer to our June 18, 2014 post. A copy of AB 1858 as amended is available on the California Legislature’s website by clicking here.
For more information on New York’s legislation, please refer to our July 16, 2014 post.
The latest on RRA9’s status in all states and the District of Columbia can be found here.