Bill > H1197

This bill proposes to amend Massachusetts General Laws Chapter 183, Section 6D, which deals with mortgage assignments, by adding a new requirement that each assignment of a mortgage secured by residential property must be sent to the appropriate registry district for recording within thirty days of its execution. A mortgage assignment is a legal document that transfers the ownership of a mortgage from one party to another, and "residential property" refers to a home or other dwelling. This change aims to increase transparency in the land record systems, which are crucial for protecting the property rights of homeowners and businesses by ensuring that all changes to mortgage ownership are properly documented and publicly accessible.