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Bill > S102


MA S102

MA S102
Relative to real estate document disclosure


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

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

AI Summary

This bill seeks to amend Chapter 93 of the General Laws by inserting a new Section 115, which requires that buyers or borrowers be provided a document from the lending institution containing a descriptive title of every document to be executed upon the conveyance of a deed to real property or the execution of a refinancing agreement, at least 48 hours prior to such conveyance or refinancing. The purpose of this legislation is to ensure timely real estate document disclosure for consumer protection and professional licensure purposes.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Hearing scheduled for 10/03/2017 from 01:00 PM-04:00 PM in A-1 (on 09/20/2017)

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