Points of Interest Summer 2019 Page 1  Inside This Issue  From the President..................................................2 From the Editor........................................................ 3 Sacramento Summary............................................5 Beyond the Basics of the California Consumer Privacy Act...............................................7 Summer Seminar in San Diego...........................13 Thank You Spring & Annual Sponsors!.............22 Pictures From the Spring Seminar....................23 Spring Seminar Exhibitors...................................25 PAC Contributors...................................................28 If You Charge Default Interest, You'll Want to Read This!.........................................31 New California Assembly Bill Adds Challenges for California Lenders..................... 35 California Court of Appeals Expands a Borrower's Right to Attorney's Fees Under HOBR: Hardie v. Nationstar..................................38 Stricktly Strickland................................................40 Welcome New Members..................................... 45 2520 Venture Oaks Way, Suite 150 Sacramento, CA 95833 (916) 239-4080 – phone • (916) 924-7323 – fax cma@camgmt.com www.californiamortgageassociation.com Points of Interest is published by the California Mortgage Association, a voluntary trade association serving California mortgage and trust deed brokers and lenders. 2019-2020 BOARD OF DIRECTORS David Herzer – President Herzer Financial Services, Inc. Elizabeth Knight – Vice President PLM Lender Services Richard Wachter – Secretary Wachter Investments, Inc. Michelle Rodriguez – Treasurer Woodland Hills Mortgage Corp. Mark Forbes – Immediate Past President F.E. Forbes Company, Inc. Steve Belleville – Real Estate Lending Group, Inc. Noah Furie – Budget Mortgage Corporation Glenn Goldan – ReProp Financial Donald Herbert – Private Funding Solutions, Inc. Joffrey Long – Southwestern Mortgage Sandy MacDougall – Vintage Mortgage, Inc. Odell Murry – MAI Financial Services, Inc. Stephen Pollack – Anchor Loans, Inc. Lori Randich – Redwood Mortgage Corporation Stephen Rexrode – Cushman Rexrode Capital Corporation Pam Sosa – Standard Mortgage Financial Services, Inc. Shafiq Taymuree – Stonecrest Richard Temme – R.C. Temme Corporation Michael Arnold & Michael Belote, Esq. Legislative Advocates K. Bradley Rogerson, Esq. T. Robert Finlay Securities Counsel Legal Counsel CMA HEADQUARTERS STAFF Jennifer Blevins, CMP Director of Management Services Teresa Excinia, MBA ExecutiveDirector John Berkowitz Publications Director Jen Gross, CMP Meeting Planner Michael Cochran Webmaster / IT Manager Stephanie Schoen Special Projects Tricia Schrum, CPA Accounting Natalie Sinclair Special Projects