Fabio
75 lines
3.4 KiB
Markdown
75 lines
3.4 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO MORTGAGES."
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description: "This Act amends the Real Estate Code to modernize the definition of purchase money mortgage under Delaware law to include lenders other than the seller of the mortgaged property who provide financing to purchase the property. Additionally, this Act extends the time period to record a purchase money mortgage from 5 days to 10 days and explicitly subordinates a mechanic’s lien under Chapter 27 of Title 25 to a purchase money mortgage."
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jurisdiction: "us/states/de"
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legislature: "Delaware General Assembly"
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session: "150"
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identifier: "SB 245"
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citation: "Delaware SB 245 (150)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Trey Paradee", "William Bush"]
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version_count: 1
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action_count: 7
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vote_count: 2
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first_action: "2020-06-12"
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last_action: "2020-09-28"
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source: "openstates"
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source_identifier: "ocd-bill/aa61da8c-4f86-4caa-95a2-5fbaf8991770"
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source_url: "https://legis.delaware.gov/BillDetail?LegislationId=48138"
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source_hash: "f25bdfd0ac0e25e42413d0c32b26bf348d1d7f160afc963f7405df3eb58b0da3"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-de"]
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---
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# Delaware SB 245 (150) — AN ACT TO AMEND TITLE 25 OF THE DELAWARE CODE RELATING TO MORTGAGES.
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This Act amends the Real Estate Code to modernize the definition of purchase money mortgage under Delaware law to include lenders other than the seller of the mortgaged property who provide financing to purchase the property. Additionally, this Act extends the time period to record a purchase money mortgage from 5 days to 10 days and explicitly subordinates a mechanic’s lien under Chapter 27 of Title 25 to a purchase money mortgage.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Bill Text** (committee substitute) — [source](https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=48138&legislationTypeId=1&docTypeId=2&legislationName=SB245)
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## Votes
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- 2/3 — **21–0** (pass) · upper
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- 2/3 — **41–0** (pass) · lower
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## Sponsors
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- Trey Paradee — primary (person)
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- William Bush — primary (person)
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- Anthony Delcollo — cosponsor (person)
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- Bryan Townsend — cosponsor (person)
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- David P. Sokola — cosponsor (person)
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- Kevin S Hensley — cosponsor (person)
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- Krista Griffith — cosponsor (person)
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- Michael Ramone — cosponsor (person)
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- Sean M. Lynn — cosponsor (person)
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- Sherry Dorsey Walker — cosponsor (person)
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- Stephanie L. Hansen — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-06-12** Introduced and Laid on Table in Senate `introduction`
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- **2020-06-23** Suspension of Rules in Senate
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- **2020-06-23** Passed By Senate. Votes: 21 YES `passage`
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- **2020-06-23** Assigned to Economic Development/Banking/Insurance & Commerce Committee in House `introduction, referral-committee`
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- **2020-06-25** Suspension of Rules in House
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- **2020-06-25** Passed By House. Votes: 41 YES `passage`
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- **2020-09-28** Signed by Governor `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/aa61da8c-4f86-4caa-95a2-5fbaf8991770`. Confidence: reported (aggregated from official Delaware legislature records).
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