California Real Estate Fraud Report

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AB 381 to Protect Seniors signed by Governor Brown

California Governor Jerry Brown has signed Assembly Bill 381 into law, which will provide greater protection to the elderly who are ripped off.

Prior to the enactment of AB 381, double damages could be awarded to seniors who became victims to professionals, relatives, “friends” and acquaintance who committed elder financial abuse the misappropriating, embezzling, stealing or misusing the power of attorney. Yet even that was no always enough to recoup the costs to sue and recover whatever the value of what was stolen.

Now the victim or his/her representative will be able to recover their attorney’s fees and other legal costs if the lawsuit is successful.

Assemblyman Ed Chau was the author of AB 381. In a recent press release, Assemblyman Chau said “Each year in California, elder and dependent adults are devastated by the loss of property taken from them through financial scams. This bill makes certain that seniors who are victims of financial elder abuse will no longer have to worry about the cost of seeking justice.”

I hope this bill also acts as a deterrent to those criminals who contemplate elder financial fraud against a vulnerable person.

Read the original article in the Sacramento Business Journal.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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