Bill
Bill > H2957
MA H2957
To require banks, lending institutions, mortgage companies or sub lenders to file with the registry of deeds in each county within thirty days of mortgage sales and/or foreclosures of property
summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to requiring certain financial institutions to file sale and foreclosure information with registries of deeds. Financial Services.
AI Summary
This bill requires banks, lending institutions, mortgage companies, or sub-lenders to file information about mortgage sales and foreclosures with the registry of deeds in each county within 30 days. This is intended to address the issue of abandoned and dilapidated properties resulting from the mortgage crisis and foreclosures, which have had a negative impact on low-income and residential neighborhoods. The lack of filing with the registry of deeds has made it difficult for local authorities to identify the responsible parties and address issues like code violations and unpaid fines. The bill aims to provide more transparency and accountability around these property transactions to help mitigate the economic and civic challenges faced by municipalities.
Committee Categories
Business and Industry
Sponsors (18)
Tackey Chan (D),
Sonia Chang-Díaz (D),
Diana Dizoglio (D),
Tricia Farley-Bouvier (D),
Linda Forry (D),
Carlos González (D),
Russell Holmes (D),
Barbara L'Italien (D),
Juana Matias (D),
Rady Mom (D),
Matt Muratore (R),
Denise Provost (D),
Byron Rushing (D),
Danny Ryan (D),
José Tosado (D),
Aaron Vega (D),
Chris Walsh (D),
Bud Williams (D),
Last Action
Accompanied a study order, see H4778 (on 07/18/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H2957 |
| Bill | https://malegislature.gov/Bills/190/H2957.pdf |
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