Brian J. Bushweller
- Democratic
Primary
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.
Signed by Governor
Passed By House. Votes: 41 YES
Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 10 On Its Merits
Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
Passed By Senate. Votes: 17 YES 4 ABSENT
Reported Out of Committee (Banking, Business & Insurance) in Senate with 5 On Its Merits
Introduced and Assigned to Banking, Business & Insurance Committee in Senate
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