MA H3307

Bill

To require banks, lending institutions, mortgage companies or sub lenders to file with the registry of deeds in each county within thirty days of mortgage sales and/or foreclosures of property

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to timely filings by banks and other lending institutions with registries of deeds. The Judiciary.

AI Summary

This bill aims to require banks, lending institutions, mortgage companies, or sub-lenders to file mortgage sales and/or foreclosure information with the registry of deeds in each county within 30 days. The goal is to address issues caused by the mortgage crisis and foreclosures, such as abandoned, dilapidated properties that negatively impact neighborhoods and local municipalities. The bill seeks to ensure that property ownership information is properly recorded, enabling local authorities to address housing code violations and collect fines, and preventing the spread of blight and declining property values.

Committee Categories

Justice

Sponsors (8)

Marcos Devers (D), Carlos González (D), David LeBoeuf (D), Rady Mom (D), Jon Santiago (D), José Tosado (D), Timothy Whelan (R), Bud Williams (D),

Last Action

Accompanied a study order, see H5081 (on 11/12/2020)

Official Document

https://malegislature.gov/Bills/191/H3307

(12 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H3307
Bill	https://malegislature.gov/Bills/191/H3307.pdf

Bill	Bill Name	Last Action	Type
H1049	Relative to banks and banking	New draft substituted, see H4176	Similar To
H1058	Relative to the licensing and supervision of finance companies by the Division of Banks	Accompanied a study order, see H5160	Similar To
H5081	Study Order	Discharged to the committee on House Rules	Replaced by
H924	Relative to the regulation of the business of domestic and foreign money transmission by the Division of Banks	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H925	Relative to mortgage review boards and a small business loan review board within the Division of Banks	Accompanied a study order, see H5160	Similar To
H927	Making substantive changes to the revised banking laws	Accompanied a study order, see H5160	Similar To
H935	Establishing the Massachusetts infrastructure bank	Accompanied a study order, see H5160	Similar To
H989	Providing for the bank of Massachusetts	Accompanied a study order, see H5160	Similar To
H993	Relative to community reinvestment goals for banks	Accompanied a study order, see H5160	Similar To
H998	Establishing a student loan bill of rights	Accompanied a new draft, see H3977	Similar To
S1016	Protecting bank employees and customers	Accompanied a study order, see S2496	Similar To
S642	Relative to credit and debit cards	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > H3307

MA H3307

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (8)

Last Action

Official Document

bill text

bill summary

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