HB 338 DE Became Law
AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO THE SATISFACTION OF MORTGAGES AFTER A LAPSE OF TIME.
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Summary
This Act provides an automatic satisfaction of a mortgage 10 years after the maturity date as stated in the mortgage or any recorded extension of the mortgage or, in the absence of a stated maturity date, 40 years after the recording of the mortgage or any extension of the mortgage. This Act also reduces the time after which an attorney may file a certificate of satisfaction under § 2123 of Title 25 of the Delaware Code to 10 years after the maturity date and 40 years after the recording of a mortgage.
Sponsors (7)
- William Bush Democratic · primary
- Spiros Mantzavinos Democratic · primary
- Kyle Evans Gay · primary
- Stephanie L. Hansen Democratic · primary
- Bryan Townsend Democratic · primary
- Krista Griffith Democratic · primary
- Sean M. Lynn Democratic · primary
7 coauthors / cosponsors
- Trey Paradee Democratic · cosponsor
- John "Jack" Walsh Democratic · cosponsor
- Kevin S Hensley Republican · cosponsor
- Michael Ramone · cosponsor
- Michael F. Smith Republican · cosponsor
- Jeffrey N. Spiegelman Republican · cosponsor
- Kimberly Williams Democratic · cosponsor
Action history (9)
- Mar 15, 2022 Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House · lower
- Apr 5, 2022 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 9 On Its Merits · lower
- Apr 12, 2022 Amendment HA 1 to HB 338 - Introduced and Placed With Bill · lower
- Apr 12, 2022 Amendment HA 1 to HB 338 - Passed In House by Voice Vote · lower
- Apr 12, 2022 Passed By House. Votes: 41 YES · lower
- Apr 12, 2022 Assigned to Banking, Business & Insurance Committee in Senate · upper
- May 11, 2022 Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits · upper
- Jun 28, 2022 Passed By Senate. Votes: 21 YES · upper
- Oct 14, 2022 Signed by Governor · executive
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