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Bill > H1576


MA H1576

MA H1576
To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses


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 further regulate the reporting requirements of mortgages secured by residential property. The Judiciary.

AI Summary

This bill aims to increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses. It proposes to amend Section 6D of Chapter 183 to require that each assignment of mortgage secured by residential property be forwarded within 30 days of the date of the execution of the assignment to the appropriate registry district for recording. This change aims to ensure timely and accurate record-keeping of mortgage assignments, which can help safeguard homeowners' and businesses' property rights.

Committee Categories

Justice

Sponsors (32)

Last Action

Accompanied a study order, see H5170 (on 09/01/2022)

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