Tuesday, July 7, 2026
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Conventional home mortgage loans; assumption provisions.
Conventional home mortgage loans; assumption provisions. Requires any lender for any conventional home mortgage loan secured on or after July 1, 2026, by a mortgage or deed of trust on owner-occupied residential real estate located in the Commonwealth to include provisions in such loan to allow for any of the existing borrowers to purchase the property interest of another borrower on the loan by assuming the seller's portion of the mortgage in connection with a decree of annulment or divorce if …
Source: OpenStates · fetched April 13, 2026
Facilitates the assumption of mortgage obligations in cases of annulment or divorce, which can be relevant for individuals exiting abusive relationships.
- Survivor (domestic or sexual violence)directModerate impactMedium certainty
Facilitates the assumption of mortgage obligations in cases of annulment or divorce, which can be relevant for individuals exiting abusive relationships.
“in connection with a decree of annulment or divorce”· Conventional home mortgage loans; assumption provisions.
- Requires conventional home mortgage loans secured on or after July 1, 2026, to include provisions for assumption.
- Allows existing borrowers to purchase another borrower's interest by assuming the seller's portion of the mortgage.
- This provision applies in the context of a decree of annulment or divorce.
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