Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

November 2, 2007

House Bill 4306

by @ 11:51 am. Filed under Real Estate

A bill pending in the Massachusetts state legislature would require all mortgages and assignments of mortgages in which a mortgage broker was involved, to contain the full name, mailing address and license number of the mortgage broker. If no broker was involved, this would have to be stated on the mortgage or assignment. The bill (House 4306) also states that this information “shall be recorded as part of the mortgage or assignment of mortgage.” It’s unclear whether the registry of deeds would be expected to scrutinize each mortgage or assigment to ensure that the statutory language is present. This bill has not yet been enacted as far as I can tell, but if it is, it will be one more task for the Indexing Standards Committee of the Registers of Deeds Association to address.

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