summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to titles for real estate. The Judiciary.
AI Summary
This bill aims to protect titles to real estate in Massachusetts by making several key changes:
1. It establishes requirements for the recording of mortgage assignments, foreclosure deeds, and other documents affecting real estate titles, including time limits and the need to provide certain documentation.
2. It requires mortgage statements to provide information about the current mortgagee, note owner, and mortgage servicer.
3. It requires that the original mortgage note be returned to the mortgagor upon full payment of the loan.
4. It repeals the ability to foreclose on a mortgage by entry and possession, requiring foreclosure to be done through the courts.
5. It imposes penalties, including fines and potential criminal charges, for the use of false or fraudulent documents related to real estate transactions. The Attorney General is tasked with reporting on enforcement efforts.
The overall goal of the bill is to increase transparency and accuracy in the recording of real estate transactions and foreclosure processes in Massachusetts.
Committee Categories
Justice
Sponsors (14)
Michael Brady (D),
Pete Capano (D),
Gerry Cassidy (D),
Mike Connolly (D),
Mindy Domb (D),
Sean Garballey (D),
Carlos González (D),
Russell Holmes (D),
Mary Keefe (D),
Elizabeth Malia (D),
Frank Moran (D),
Denise Provost (D),
Lindsay Sabadosa (D),
Bud Williams (D),
Last Action
Accompanied a study order, see H5081 (on 11/12/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/191/H1524 |
Bill | https://malegislature.gov/Bills/191/H1524.pdf |
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