Session Laws

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

SECTION 1. Chapter 19A of the General Laws is hereby amended by adding the following section:-

Section 36. All proceeds from reverse mortgage loans held by or available to persons sixty years of age or older shall not be taken into consideration in determining eligibility or continuing eligibility for, or the amount of payment from, any medical or other public assistance program or any state or federal low interest loan or grant, unless such proceeds have become countable resources.

SECTION 2. Clause Forty-first A of section 5 of chapter 59 of the General Laws, as appearing in the 1988 Official Edition, is hereby amended by striking out the fourth paragraph and inserting in place thereof the following paragraph:-

In the case of each tax deferral and recovery agreement entered into between the board of assessors and the owner or owners of such real property, said board of assessors shall forthwith cause to be recorded in the registry of deeds of the county or district in which the city or town is situated a statement of their action which shall constitute a lien upon the land covered by such agreement for such taxes as have been assessed under the provisions of this chapter, plus interest as hereinafter provided. A lien filed pursuant to this section shall be subsequent to any liens securing a reverse mortgage, excepting shared appreciation instruments. The statement shall name the owner or owners and shall include a description of the land adequate for identification. Unless such a statement is recorded the lien shall not be effective with respect to a bona fide purchaser or other transferee without actual knowledge of such lien. The filing fee for such statement shall be paid by the city or town and shall be added to and become a part of the taxes due.