S1071
An Act relative to unlawful practices in the servicing and foreclosure of a subordinate mortgage
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- Passed Senate
- Passed House
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Bill overview
This bill addresses potential unfair or deceptive practices related to the servicing and foreclosure of subordinate mortgages in Massachusetts. It aims to establish clearer rules and protections for homeowners facing foreclosure, focusing on ensuring transparency and preventing abusive practices by mortgage servicers. The bill seeks to improve the process and outcomes for those impacted by foreclosure proceedings.
Key provisions
- Requires mortgage servicers to provide homeowners with clear and understandable information about their rights.
- Establishes standards for communication with homeowners during the foreclosure process.
- Addresses potential issues related to the collection of fees and charges.
- Requires mortgage servicers to provide adequate notice before initiating foreclosure proceedings.
- Promotes transparency in foreclosure processes.
- Addresses unlawful practices in the servicing and foreclosure of subordinate mortgages.
- Requires mortgage servicers to provide homeowners with a detailed accounting of their mortgage account.
Who is affected
- Homeowners with subordinate mortgages
- Mortgage servicers
- Judges overseeing foreclosure proceedings
- Massachusetts residents
Notable changes
- The bill seeks to clarify and strengthen existing foreclosure regulations.
- It aims to reduce the potential for errors and abuses in the foreclosure process.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jr. William J. Driscoll
Cosponsor
Jr. William J. Driscoll
Arguments in favor
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Bill S.1071 194th (Current)
An Act relative to unlawful practices in the servicing and foreclosure of a subordinate mortgage
By Mr. Driscoll, a petition (accompanied by bill, Senate, No. 1071) of William J. Driscoll, Jr. for legislation relative to unlawful practices in the servicing and foreclosure of a subordinate mortgage. The Judiciary.
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Bill Information
Bill Information
Presenter: William J. Driscoll, Jr. Status: Referred to Senate Committee on Ways and Means
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Bill History Petitioners Committee Vote Primary Sponsor Summary
Bill History
Displaying 4 actions for Bill S.1071
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on The Judiciary |
| 2/27/2025 | House | House concurred |
| 10/10/2025 | Joint | Hearing scheduled for 10/21/2025 from 01:00 PM-05:00 PM in A-2 |
| 1/29/2026 | Senate | Bill reported favorably by committee and referred to the committee on Senate Ways and Means |
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