An Act protecting titles to real estate in Massachusetts
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to protect property titles in Massachusetts by addressing historical injustices related to illegal lending and property seizure. It seeks to clarify title determination, ensure homeowners understand their mortgage details, and enable municipalities to accurately assess property taxes. The bill also includes provisions related to foreclosure-related criminal activity and the definition of key legal terms.
Key provisions
- Clarifies title determination processes for real estate.
- Requires mortgage lenders to disclose all parties holding mortgages.
- Ensures municipalities have accurate records of property tax liabilities.
- Includes provisions related to foreclosure-related criminal activity.
- Defines key terms related to real estate ownership and transactions.
- Aims to reverse the impact of structural racism in property ownership.
- Establishes a framework to prevent fraudulent conveyances of property.
- Facilitates the accurate determination of title to real estate in the commonwealth.
Who is affected
- Homeowners in Massachusetts
- Mortgage lenders
- Municipalities in Massachusetts
- Real estate professionals
- Property owners
Notable changes
- Addresses historical injustices in property ownership.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
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