Delaware General Assembly

Passed 6/28/22

Ready for Governor for action

3/15/22

Bush

Sen. Mantzavinos, Gay, Hansen, Townsend
Reps. Griffith, Lynn

Sen. Paradee, Walsh
Reps. Hensley, Ramone, Michael Smith, Spiegelman, K. Williams

AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO THE SATISFACTION OF MORTGAGES AFTER A LAPSE OF TIME.

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.

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Takes effect upon being signed into law

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