SB 899

SB 899 is a California law that updates regulations for the mortgage and finance industry, primarily to protect consumers and ensure fair practices. It enhances transparency in loan terms, strengthens licensing requirements for financial entities, and promotes better oversight to prevent fraud and abuse. The bill also aims to modernize industry standards by aligning them with current market conditions and technological advancements, thereby encouraging accountability and integrity within the financial services sector. Overall, SB 899 seeks to create a safer, more transparent environment for consumers seeking financial products and services.