Bill > H3500

This bill aims to protect titles to real estate in Massachusetts. Key provisions include: - Requiring specific formatting and information on documents recorded at the registry of deeds, such as headings, timely filing of assignments of mortgage and foreclosure deeds, and submission of the original mortgage note. - Mandating mortgage statements provide details on the current mortgage owner, note holder, and mortgage servicer. - Penalizing non-compliance with these requirements as unfair or deceptive practices under the state consumer protection law. - Expanding criminal liability for patterns of submitting fraudulent or false documents affecting real property titles. - Directing the Attorney General to assist registers of deeds in addressing such criminal fraud. The bill seeks to bring more transparency and accountability to mortgage-related documents and real estate transactions in Massachusetts.

Justice

https://malegislature.gov/Bills/190/H3500