Mike McGuire

Senate Majority Leader Mike McGuire

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Tens of thousands of Californians have lost their homes and businesses to wildfires in the last eight years. After facing the traumatic and life-changing experience of losing their home, survivors have to begin the challenging task of rebuilding their homes and lives.

Senate Majority Leader Mike McGuire’s common-sense piece of legislation, SB 455, would protect wildfire and other disaster survivors by keeping their home rebuilds on track. The bill would mandate that mortgage companies honor existing rebuild contracts even when mortgages are transferred or sold to another mortgage vendor, a common practice in the banking industry.


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