summary
Introduced
02/27/2025
02/27/2025
In Committee
11/19/2025
11/19/2025
Crossed Over
Passed
Dead
Introduced Session
194th General Court
Bill Summary
Relative to recording fees paid by certified public accountants to registers of deeds and assistant recorders under the community preservation law. Revenue.
AI Summary
This bill amends sections 8a and 8b of chapter 44B of the General Laws to reduce recording fees for certain mortgage filings related to affordable housing. Specifically, the bill proposes to exempt filing fees for subordinate mortgages issued by public agencies or quasi-public agencies, such as municipalities or the Massachusetts Housing Partnership. By removing recording fees for these specific types of mortgage filings, the bill aims to reduce the administrative costs associated with creating and extending affordable housing loans. The term "subordinate mortgage" typically refers to a secondary loan that sits behind the primary mortgage in terms of repayment priority. The bill's goal appears to be making it less expensive for public and quasi-public agencies to support affordable housing initiatives by lowering the financial barriers to mortgage filing and registration.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 11/19/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/194/H3092 |
| BillText | https://malegislature.gov/Bills/194/H3092.pdf |
Loading...