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#107354 - 08/18/03 03:13 PM Residential/Commercial Discharge of Mortgage
NIKO Offline
Junior Member
NIKO
Joined: Jul 2003
Posts: 26
MA
Does anyone know what the timing requirements are for discharging a residential and/or commercial mortgages. It is my current understanding that it is 10 business days for residential and no required time frame for commercial. Any information would be appreciated- even direction to what Mass General Law or regulation to refer to. Thanks

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#107355 - 08/18/03 08:46 PM Re: Residential/Commercial Discharge of Mortgage
NIKO Offline
Junior Member
NIKO
Joined: Jul 2003
Posts: 26
MA
In case anyone was interested - MGL ch 183 s. 55 requires lenders to provide w/in 30 days of receiving payment for both residential and commercial

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