Pennsylvania's new Mortgage Satisfaction law makes significant changes
A new law now governs the process of satisfying mortgages in Pennsylvania. The legislation, known as the Mortgage Satisfaction Act, will have a significant impact on lenders with mortgage portfolios; mortgage servicers; title companies and other providers of real estate settlement services; and coun...
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| Published in: | The Banking law journal Vol. 120; no. 4; p. 358 |
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| Main Author: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
New York
LexisNexis
01-04-2003
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| Subjects: | |
| Online Access: | Get full text |
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| Summary: | A new law now governs the process of satisfying mortgages in Pennsylvania. The legislation, known as the Mortgage Satisfaction Act, will have a significant impact on lenders with mortgage portfolios; mortgage servicers; title companies and other providers of real estate settlement services; and county recorders of deeds. The legislation came about originally because title companies wanted to have a way to satisfy mortgages that had been paid in full in cases where the lender either could not be located or for some reason would not satisfy a paid mortgage. A summary of the important provisions of the law is presented. |
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| ISSN: | 0005-5506 2381-3512 |