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S07231 Summary:

BILL NOS07231A
 
SAME ASSAME AS A09041-A
 
SPONSORSALAZAR
 
COSPNSRBIAGGI, HOYLMAN, JACKSON, MYRIE, RIVERA
 
MLTSPNSR
 
Add §291-k, RP L; amd §§250, 253, 253-a, 255, 257 & 258, Tax L; amd §9-601, UCC
 
Relates to requiring the recording of mezzanine debt and preferred equity investments and including mezzanine debt in the mortgage recording tax; defines mezzanine debt.
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