AB 2693 will add transparency, disclosure, and oversight for homeowners who go green
(Sacramento) – Today, Assembly Bill 2693, the PACE Preservation and Consumer Protections Act, passed the Assembly Floor with a bipartisan vote of 75-0. Authored by Assemblymember Matt Dababneh (D-Encino), Assembly Bill 2693 will require that prior to entering into a PACE loan, a homeowner must be provided a financing estimate and disclosure document. This disclosure document will notify homeowners that they may not be able to sell or refinance their home unless the PACE loan is paid off in its entirety, as well as, annual percentage rates, product costs, closing costs, and fees.
“While California’s PACE program was drafted with the best intentions, like any new program, implementation has not been perfect,” states Assemblymember Dababneh. “The PACE program, which has been an environmental success, unintentionally created a marketplace that has allowed contractors to sell financial products to homeowners without any consumer protections. Currently, there is no requirement for basic disclosures and homeowners are often misled to believe that the PACE program is a subsidized government program that carries no risk if they need to sell or refinance their home.”
AB 1743 allows consumers to purchase or lease a car with an electronic signature
(Sacramento) – Today, Assembly Bill 1743, the Digital Modernization Act of 2016, authored by Assemblymember Matt Dababneh (D – Encino) passed the Assembly Floor with a bipartisan vote of 70 to 0. Sponsored by the California New Car Dealers Association, AB 1743 will modernize California’s Automobile Sales Finance Act and the California Vehicle Leasing Act by allowing consumers to purchase or lease a vehicle with an electronic signature.
“Electronic records and signatures have revolutionized the way commercial transactions are conducted and the car buying process should not be excluded,” states Assemblymember Matt Dababneh. “Assembly Bill 1743 will bring the car buying process into the 21st century by allowing consumers to electronically purchase or lease a car, if they opt to do so.”
(SACRAMENTO) - HR 28 authored by Assemblymember Matt Dababneh (D-Encino) was adopted with bipartisan support today in the State Assembly; additionally, 73 members from both sides of the aisle proudly signed on as co-authors for HR 28. Sponsored by Social Compassion in Legislation, HR 28 calls on the Superintendent of Public Instruction, the State Board of Education, and the California Department of Education to ensure compliance with the Education Code relative to Humane Education in California's public school system.
(SACRAMENTO) – Today, Assemblymember Matt Dababneh (D-Encino) issued the following statement regarding the passage of Senate Bill 380 on the Assembly Floor:
“Today, I worked with my colleagues in the State Assembly to pass SB 380, an urgent measure to protect the health and safety of Valley residents. This bill will halt all natural gas injections into the Aliso Canyon Storage Facility pending rigorous and comprehensive safety tests.”
(SACRAMENTO) – Assembly Bill 1891 authored by Assemblymember Matt Dababneh (D-Encino) passed the Assembly Floor with a bipartisan vote of 79-0. Sponsored by the Howard Jarvis Taxpayers Association, this bill simplifies the opt-out process for seniors when it comes to paying certain parcel taxes.
“Seniors living on a fixed income are often times faced with a difficult decision when an unexpected expense arises,” states Assemblymember Dababneh. “In this case, the process for opting out of the parcel tax is confusing and I am committed to helping seniors in my district and statewide by authoring AB 1891. I am pleased my colleagues on both sides of the aisle recognize the need for this piece of legislation which will ease confusion and put money in the pockets of seniors.”
AB 1784 aims to increase bank participation in school-based savings programs
(SACRAMENTO) – Assembly Bill 1891 authored by Assemblymember Matt Dababneh (D-Encino) has unanimously passed the Assembly Revenue and Taxation Committee.
(SACRAMENTO) – Today, Assemblymember Matt Dababneh (D-Encino) joined the California Legislative Women’s Caucus to recognize extraordinary women throughout the state in celebration of Women’s History Month.
Dababneh Hosts Senior Town Hall
Three Feet for Safety
Remembering the Armenian Genocide
Armenian Day Of Remembrance