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AB-2145 • 2026

Mortgages: principal residence.

Mortgages: principal residence.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Garcia
Last action
2026-03-09
Official status
Referred to Com. on JUD.
Effective date
Not listed

Plain English Breakdown

The bill summary does not provide specific details on how lenders are required to handle these transfers, leaving this aspect open-ended.

Mortgages for Principal Residence

This law allows borrowers who have reached retirement age to transfer the interest rate and remaining loan term of their current mortgage on residential property to a new principal residence.

What This Bill Does

  • Authorizes borrowers who are at retirement age to transfer the interest rate and remaining loan term from an existing mortgage to a new mortgage for their next principal residence.

Who It Names or Affects

  • People who have reached retirement age and want to move to a new home.
  • Mortgage lenders and servicers dealing with older borrowers.

Terms To Know

mortgage
A loan used to buy property, where the property is used as security for the loan.
principal residence
The main home of a person or family.

Limits and Unknowns

  • Does not specify what happens if someone moves more than once.
  • Does not provide details on how lenders must handle these transfers.
  • Effective date is not provided in the bill summary.

Bill History

  1. 2026-03-09 California Legislative Information

    Referred to Com. on JUD.

  2. 2026-02-19 California Legislative Information

    From printer. May be heard in committee March 21.

  3. 2026-02-18 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 2145, as introduced, Garcia.
Mortgages: principal residence.
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.

Current Bill Text

Read the full stored bill text 
Download Bill PDF