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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.

DE · session 151 · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Mar 15, 2022

Latest action (Oct 14, 2022) Signed by Governor

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)

7 coauthors / cosponsors

Action history (9)

  1. Mar 15, 2022 Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House · lower
  2. Apr 5, 2022 Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 1 Favorable, 9 On Its Merits · lower
  3. Apr 12, 2022 Amendment HA 1 to HB 338 - Introduced and Placed With Bill · lower
  4. Apr 12, 2022 Amendment HA 1 to HB 338 - Passed In House by Voice Vote · lower
  5. Apr 12, 2022 Passed By House. Votes: 41 YES · lower
  6. Apr 12, 2022 Assigned to Banking, Business & Insurance Committee in Senate · upper
  7. May 11, 2022 Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits · upper
  8. Jun 28, 2022 Passed By Senate. Votes: 21 YES · upper
  9. Oct 14, 2022 Signed by Governor · executive

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