California AG: "I'm Directing Chase To Prove It Is Following The Law Before It Continues Foreclosures In California!"

From the Office of the California Attorney General:

• Attorney General Edmund G. Brown Jr. has demanded that JP Morgan Chase prove immediately that it is complying with state law or, if it cannot, halt foreclosing on California homes. "I'm taking this action to further protect California homeowners on the brink of foreclosure," Brown said, "JP Morgan Chase, like GMAC/Ally Financial, has admitted that its review of key foreclosure documents was a ruse." "I'm directing Chase to prove it is following the law before it continues foreclosures in California," Brown added.(1)

For the California AG press release, see Brown Demands JP Morgan Chase Suspend Foreclosures Unless It Can Demonstrate Compliance with California Law.

Go here for AG Brown's letter to JP Morgan Chase.

(1) The recent revelations about JP Morgan Chase and GMAC/Ally couldn't have come at a better time for AG Brown, who currently finds himself in a tight race for governor.