The Simplified Mortgage and Recorded Title ('SMART') Act of 2019

Robert C. Hockett and Cornell Library

No a3pj5, LawRxiv from Center for Open Science

Abstract: We design a digital home mortgage and title registry system, overseen by a new public sector entity, to provide clearing and settlement efficiencies in mortgage-related instruments comparable to those enabled by the Depository Trust Company (‘DTC’) in other investment securities. We believe such a system to be a prerequisite to the return of a safe, transparent, and liquid ‘private’ secondary market in mortgage loans.

Date: 2019-03-08
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Persistent link: https://EconPapers.repec.org/RePEc:osf:lawarx:a3pj5

DOI: 10.31219/osf.io/a3pj5

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