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Bill > S1060


MA S1060

MA S1060
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 increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses. 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. The key provision of the bill requires that each assignment of a mortgage secured by residential property be forwarded within 30 days of the execution of the assignment to the appropriate registry district for recording. This is intended to provide better record-keeping and transparency around mortgage assignments, which can help safeguard the property rights of homeowners and businesses.

Committee Categories

Justice

Sponsors (16)

Last Action

Accompanied a study order, see S2838 (on 04/19/2022)

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