Template letter to legislators

How to fight this – Contact your Assembly member and State Senator— Today

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Go to: https://findyourrep.legislature.ca.gov/
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Subject: Urgent Request to Oppose AB 130 Due to Harmful Language from SB 681

Dear [Assemblymember/Senator] [Last Name],

I am a constituent residing in [Your City], and I’m writing to express my strong opposition to a provision recently added to the state budget trailer bill, AB 130, which incorporates language from SB 681. This language would effectively make junior trust deeds and second-position real estate loans unenforceable in California, even retroactively.

As someone who [choose one: invests in trust deeds through a Self-Directed IRA, is a small lender supporting California’s housing market, provides seller-financing options to homebuyers, helps clients with non-bank lending solutions], I am deeply concerned about the devastating impact this bill would have on:

• Retirees who rely on these investments for income

• Homebuyers who need seller-carryback financing or HELOCs

• Small lenders and real estate professionals

• Legal certainty in the real estate market

• Property rights and due process

This provision would:

• Deem certain junior loans “abandoned” with vague and unfair criteria

• Make it nearly impossible to foreclose, even when borrowers default

• Retroactively allow courts to set aside past foreclosure sales

• Undermine confidence in California’s property and lending laws

This bill creates instability, chills private lending, and erodes investor confidence in California real estate. If left unchanged, it will dry up a vital source of funding for housing and inflict losses on thousands of law-abiding investors and retirees.

Please do not support AB 130 unless the SB 681 language is removed or amended. At the very least, carve out commercial-purpose loans and protect legitimate trust deed investors.

Thank you for standing up for small investors, property rights, and transparency in our legislative process. I am available to discuss this further or provide examples of how this would affect everyday constituents like myself.

Sincerely,
[Your Full Name]
[Your Street Address]
[City, State ZIP]
[Phone Number]
[Email Address]

This should not be construed as legal advice.  uDirect IRA Servivces, LLC is not a fiduciary and does not provide tax or legal advice.  This article is for informational purposes only.  Contact your own legal counsel to determine the impact on you and/or your business.