{"id":2601,"date":"2020-10-02T10:29:18","date_gmt":"2020-10-02T10:29:18","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=2601"},"modified":"2021-06-12T22:55:01","modified_gmt":"2021-06-12T21:55:01","slug":"stated-income-loans-california","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/loans\/stated-income-loans-california\/","title":{"rendered":"Stated Income Loans In California"},"content":{"rendered":"\n
After the Dodd-Frank legislation piece was passed more than a decade ago (3<\/a>), stated income loans initially disappeared (5<\/a>) as they were partly blamed for the collapse of the housing market (1<\/a>). Some years ago, the Trump Administration passed the S. 2155 (7<\/a>) that even when it did not repeal (10<\/a>) the Dodd-Frank Act (9<\/a>) or the relevant chapter of the USC (6<\/a>), it rolled back several of its prohibitions (8<\/a>). This allowed stated income loans for California to return (4<\/a>) with some modifications (2<\/a>) as we will see now.<\/p>\n\n\n\n So today, after this new legislation, what are actually the stated income loans for California?<\/p>\n\n\n\n