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Bill > S132


MA S132

MA S132
Relative to real estate document disclosure


summary

Introduced
04/15/2015
In Committee
04/15/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to timely real estate document disclosure. Consumer Protection and Professional Licensure.

AI Summary

This bill amends Chapter 93 of the General Laws to require that buyers or borrowers of real property receive a document from the lending institution at least 48 hours before the transfer of ownership (conveyance of a deed) or the finalization of a new loan to replace an old one (execution of a refinancing agreement) on that property, and this document must clearly list every document that will need to be signed at that time.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see S2357 (on 06/23/2016)

bill text


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