Bill
Bill > S1030
MA S1030
MA S1030To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses
summary
Introduced
02/27/2025
02/27/2025
In Committee
01/29/2026
01/29/2026
Crossed Over
Passed
Dead
Introduced Session
194th General Court
Bill Summary
For legislation to further regulate the reporting requirements of mortgages secured by residential property. The Judiciary.
AI Summary
This bill seeks to enhance transparency in Massachusetts land record systems by amending Chapter 183, Section 6D to require that any assignment of mortgage secured by residential property must be forwarded to the appropriate registry district for recording within 30 days of its execution. The term "assignment of mortgage" refers to the legal transfer of a mortgage from one lender or financial institution to another, which can happen when a mortgage is sold or transferred. By mandating this timely recording, the bill aims to protect the property rights of homeowners and businesses by ensuring that changes in mortgage ownership are promptly and accurately documented in public records. This increased transparency can help prevent potential disputes, provide clarity on property ownership, and make it easier for homeowners and other stakeholders to track changes in mortgage ownership.
Committee Categories
Budget and Finance, Justice
Sponsors (1)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 01/29/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/194/S1030 |
| BillText | https://malegislature.gov/Bills/194/S1030.pdf |
Loading...