Chapter 183 of the General Laws is hereby amended by inserting after section 54D the following section:-
Section 54E. All mortgagees, mortgagors and note holders for mortgages shall be required to register within 1 year of the passage of this section and within 6 months for all subsequent mortgagees, mortgagors and note holders with the state secretary. The registration shall include, but is not limited to, the following: name, address, telephone number, including home, cellular and work if applicable, fax number, email address, and the name, number and address of an emergency contact person. For mortgagees, there shall be an additional requirement to include the remaining term of the mortgage. For mortgagors and note holders, each shall be required to update the secretary when annually with the number of mortgages discharged,
Failure to register with the secretary may result in a penalty of not more than $5000 for mortgagors and note holders, and not more than $50 for mortgagees.
The secretary shall promulgate rules and regulations relative to the reporting requirements, enforcement and other penalties as necessary.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.