Bill

Bill > H1413


MA H1413

To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses


summary

Introduced
01/22/2019
In Committee
02/06/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to further regulate the reporting requirements of mortgages secured by residential property. The Judiciary.

AI Summary

This bill aims to increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses. It proposes to amend Section 6D of Chapter 183 to require that each assignment of a mortgage secured by residential property be forwarded to the appropriate registry district for recording within 30 days of the date of execution of the assignment. This measure is intended to provide greater visibility and accountability in the land record systems, safeguarding the interests of property owners.

Committee Categories

Justice

Sponsors (37)

Last Action

Read second and ordered to a third reading (on 02/13/2020)

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