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
For legislation relative to vacated foreclosed residential property. Financial Services.
AI Summary
This bill requires creditors to place foreclosed residential properties back on the market for sale or lease within one calendar year of foreclosure. Failure to do so would result in the property being forfeited to the town or city where the property is located. This legislation aims to address the issue of vacant foreclosed properties and ensure that these properties are actively sold or leased to new occupants in a timely manner.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see S2543 (on 02/18/2020)
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/S644 |
Bill | https://malegislature.gov/Bills/191/S644.pdf |
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