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Bill > H3443


MA H3443

MA H3443
To require timely recourse to deficiency judgments after foreclosure


summary

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

Introduced Session

191st General Court

Bill Summary

For legislation to reduce the time within which actions may be taken to recover certain amounts due after foreclosures. The Judiciary.

AI Summary

This bill amends Section 17A of Chapter 244 of the Massachusetts General Laws to reduce the time within which actions may be taken to recover certain amounts due after foreclosures. Specifically, the bill changes the time limit from "two years" to "three months" for filing for a deficiency judgment, which is a court order requiring a borrower to pay the remaining balance on a mortgage loan after a foreclosure sale.

Committee Categories

Justice

Sponsors (6)

Last Action

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

bill text


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