SENATE DOCKET, NO. 105 FILED ON: 1/11/2017
SENATE . . . . . . . . . . . . . . No. 102
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Cynthia Stone Creem
_________________
To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to real estate document disclosure.
_______________
PETITION OF:
Name: | District/Address: |
Cynthia Stone Creem | First Middlesex and Norfolk |
SENATE DOCKET, NO. 105 FILED ON: 1/11/2017
SENATE . . . . . . . . . . . . . . No. 102
By Ms. Creem, a petition (accompanied by bill, Senate, No. 102) of Cynthia S. Creem for legislation relative to timely real estate document disclosure. Consumer Protection and Professional Licensure. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 132 OF 2015-2016.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninetieth General Court
(2017-2018)
_______________
An Act relative to real estate document disclosure.
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 93 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by inserting the following new section:-
Section 115: Not less than 48 hours prior to the conveyance of a deed to real property or the execution of a refinancing agreement on real property, buyers or borrowers shall be provided a document from the lending institution containing a descriptive title of every document to be executed upon such conveyance or refinancing.