CHAPTER 310

FORMERLY

SENATE BILL NO. 30

AS AMENDED BY SENATE AMENDMENT NO. 1

AN ACT AMENDING SECTION 2111, CHAPTER 21, PART D, TITLE 25 OF THE DELAWARE CODE RELATING TO ENFORCEMENT OF PROMPT SATISFACTION OF MORTGAGES.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend §2111 (b), Chapter 21, Part II, Title 25 of the Delaware Code by striking 5500 and by inserting in lieu thereof "$1,000."

Section 2. Amend §2111, Chapter 21, Part II, Title 25 of the Delaware Code by redesignating subsection (c) as (d) and by adding a new subsection (c) to read as follows:

"(c) The Recorder of Deeds or the Mortgage Commissioner of the County in which any mortgage is recorded that has been satisfied or performed shall file a complaint with the Attorney General's Office in said county against any mortgage holder who has not satisfied of record said mortgage within sixty days of its satisfaction or performance."

Approved June 27, 1986.