Bill

Bill > S41


MA S41

MA S41
Clarifying municipal authority regarding cash sureties and foreclosures


summary

Introduced
03/30/2015
In Committee
03/14/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to clarify municipal authority regarding cash sureties. The Judiciary.

AI Summary

This bill clarifies that municipal laws can require a cash surety, which is a sum of money held as a guarantee, for properties that are vacant or owned by a foreclosing entity, meaning a bank or other lender that has taken legal possession of a property due to non-payment of a mortgage. It also explicitly grants municipalities the authority to create laws aimed at reducing foreclosures, protecting residents' safety and security, and maintaining vacant or foreclosed properties, unless state law specifically prohibits such local actions.

Committee Categories

Business and Industry, Justice

Sponsors (32)

Last Action

Bills in the Third Reading amendment, striking out all after the enacting clause and inserting in place thereof the text of S2396 (on 06/30/2016)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...