Bill

Bill > S2120


MA S2120

To protect mortgagees


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to protect mortgagees. State Administration and Regulatory Oversight.

AI Summary

This bill requires the Secretary of the Commonwealth, in collaboration with the registrars of deeds, to develop and maintain a statewide system that allows Massachusetts residents who are named as mortgagees (the lender who holds a mortgage) on properly recorded or registered documents to register to receive notification of any change to the ownership or status of the mortgage they hold. The notification would only be provided to properly registered recipients, following a form and manner established by the Secretary.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Accompanied a study order, see S2681 (on 02/10/2022)

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