An Act To Correct Defects in Title Created by Improperly Discharged Mortgages
Maine Legislature, Session 127, LD 1261
Committee: Insurance and Financial Services
Sponsors: FREDETTE

Legislative Document 
No. 1261 
H.P. 861 
House of Representatives, April 7, 2015 
An Act To Correct Defects in Title Created by Improperly 
Discharged Mortgages 
Reference to the Committee on Insurance and Financial Services suggested and ordered 
printed. 
ROBERT B. HUNT 
Clerk 
Presented by Representative FREDETTE of Newport. 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1.  Mortgage Electronic Registration Systems, Inc. as mortgagee of 
record; discharge or satisfaction or partial release of mortgage.  The following 
provisions govern mortgages that identify Mortgage Electronic Registration Systems, Inc. 
as the mortgagee of record and mortgages that are assigned to Mortgage Electronic 
Registration Systems, Inc. 
1.  Discharge or satisfaction of mortgage.  A discharge or satisfaction of a 
mortgage recorded in the appropriate registry of deeds and executed by Mortgage 
Electronic Registration Systems, Inc. or by an assignee or successor of Mortgage 
Electronic Registration Systems, Inc. when Mortgage Electronic Registration Systems, 
Inc. appears of record to be the holder of the mortgage is considered conclusive evidence 
of the satisfaction of a mortgage in favor of any person claiming by, through or under the 
mortgagor. 
2.  Partial release.  A partial release of a mortgage recorded in the appropriate 
registry of deeds and executed by Mortgage Electronic Registration Systems, Inc. or by 
an assignee or successor of Mortgage Electronic Registration Systems, Inc. when 
Mortgage Electronic Registration Systems, Inc. appears of record to be the holder of the 
mortgage is considered conclusive evidence of the termination of the mortgage with 
respect to the land described in the partial release in favor of any person claiming by, 
through or under the mortgagor. 
SUMMARY 
This bill provides the following with respect to mortgages that identify Mortgage 
Electronic Registration Systems, Inc. as the mortgagee of record and mortgages that are 
assigned to Mortgage Electronic Registration Systems, Inc. 
1.  A discharge or satisfaction of a mortgage recorded in the appropriate registry of 
deeds and executed by Mortgage Electronic Registration Systems, Inc. or by an assignee 
or successor of Mortgage Electronic Registration Systems, Inc. when Mortgage 
Electronic Registration Systems, Inc. appears of record to be the holder of the mortgage is 
considered conclusive evidence of the satisfaction of a mortgage in favor of any person 
claiming by, through or under the mortgagor. 
2.  A partial release of a mortgage recorded in the appropriate registry of deeds and 
executed by Mortgage Electronic Registration Systems, Inc. or by an assignee or 
successor of Mortgage Electronic Registration Systems, Inc. when Mortgage Electronic 
Registration Systems, Inc. appears of record to be the holder of the mortgage is 
considered conclusive evidence of the termination of the mortgage with respect to the 
land described in the partial release in favor of any person claiming by, through or under 
the mortgagor.