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Register O'Donnell announces filing of Residential Mortgage Assignment Bill


Register O Donnell announces filing of Residential Mortgage Assignment Bill
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Norfolk County Register of Deeds William P. O’Donnell announced the filing of two bills designed to promote mortgage transparency in Massachusetts.
For the upcoming legislative session, Sen. John Keenan, D-Quincy, filed legislation in the Massachusetts State Senate which was given Senate Docket #493, while in the State House of Representatives, Rep. William Galvin, D-Canton, iled legislation that was given House Docket #991.
O’Donnell stated that both pieces of legislation would require that when banks transfer or assign their residential mortgages to a different lending institution then that assignment would be required to be recorded with the relevant Massachusetts Registry of Deeds office within 30 days of its execution. ....

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