MA Bristol County Board of Commissioners: MERS cost registries millions of dollars

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MA Bristol County Board of Commissioners: MERS cost registries millions of dollars

MA Bristol County Board of Commissioners: MERS cost registries millions of dollars

The board also gave the reminder that the Bristol County Advisory Board meeting is coming up. It will take place on June 23 at 6 p.m. at the Taunton Superior Courthouse.

The Taunton Gazette-

The Bristol County Board of Commissioners sent a letter to Attorney General Martha Coakley on Tuesday concerning the “deceptive practices” of a mortgage process streamlining corporation, which it says cost county registries millions of dollars in the last decade.

The commissioners say Mortgage Electronic Registration System, commonly known as MERS, skirt public recording laws about recording mortgage assignments with the Registry of Deeds. The board says MERS is able to do this by keeping a secretive recording system for its participants that is not accessible to others.

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