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October 19, 2026

California orders lenders to report on handling of insurance payouts to LA fire survivors

  • State agencies are looking to speed the release of insurance proceeds lenders hold before distributing them to homeowners.
    • By SOPHIE AUSTIN
    Associated Press

    SACRAMENTO, Calif. — California officials on Thursday ordered mortgage lenders, including banks and credit unions, to report how they have handled insurance payouts to survivors of the 2025 Los Angeles-area fires.

    The California Business and Consumer Services Agency and the Department of Financial Protection and Innovation want to speed the release of insurance proceeds lenders hold before distributing them to homeowners.


     
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