66. 問:What is the short sellers’ benefits ?
答:
Governor Jerry Brown signed SB 458 into law on 07-15-2011 , California law offers deficiency protection to short sellers. It requires all lenders that agree to short sale to accept the approved sale price as payment in full of the outstanding balance of the first and secondary loans. SB 458 extends the protections of SB 931 to junior liens.
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