Bill > H1807

This bill, the "real estate title protection act," aims to provide stronger protections for titles to real estate in Massachusetts. The key provisions include: - Requiring registers of deeds to follow certain procedures when recording assignments of mortgages, discharges, foreclosure deeds, and other documents affecting title. This includes timelines for recording and requirements to submit certain supporting documents. - Mandating that mortgage statements provide accurate and current information about the mortgagee, note owner, and mortgage servicer. - Requiring mortgagees to return the original mortgage note to the mortgagor upon full repayment of the loan. - Repealing the ability to foreclose on a property through "entry and possession" and requiring foreclosures to be done through the courts. - Imposing penalties and fines for mortgagees who fail to properly notify municipalities when taking possession of or conveying a property. - Expanding criminal penalties for the use of fraudulent documents in connection with mortgage loans, foreclosures, and real estate transactions. Overall, the bill seeks to add transparency, documentation requirements, and accountability measures related to mortgages and real estate conveyances in Massachusetts.

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https://malegislature.gov/Bills/192/H1807