SB 52 Delaware Senate · 149th General Assembly (2017-2018)

AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO THE SATISFACTION AND PARTIAL RELEASE OF MORTGAGES.

Summary
This Act will allow a retired Delaware attorney to satisfy a mortgage that the attorney paid off while in practice. Currently only attorneys still in active practice are permitted to satisfy mortgages under Section 2120. This limitation can leave no practicable way to satisfy a mortgage for which the lender fails to record a satisfaction as required by State law if the attorney who paid off the mortgage subsequently retires. This Act will also expand the scope of Section 2120 to include partial releases of a mortgage where a Delaware attorney made a partial payment to release a portion of the mortgaged property.
Bill status signed all 5 stages cleared
Introduction
Mar 2017
Committee Review
May 2017
Senate Passage
Apr 2017
House Passage
Jun 2017
Signed into Law
Sep 2017
Introduced Mar 30, 2017 Signed Sep 29, 2017
Floor votes · House Jun 30, 2017

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
7
Key actions
5
Committee
2
Sep 29, 2017
Signed into law
Signed by Governor
executive
Jun 30, 2017
Lower · Passed
Passed By House. Votes: 41 YES
lower
May 3, 2017
Lower · Passed
Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 10 On Its Merits
lower
Apr 26, 2017
Introduced
Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
lower
Apr 25, 2017
Upper · Passed
Passed By Senate. Votes: 17 YES 4 ABSENT
upper
Apr 5, 2017
Upper · Passed
Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits
upper
Mar 30, 2017
Introduced
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
upper
8 primary · 5 co-sponsors

Sponsors