Bill
Bill > H925
MA H925
Relative to mortgage review boards and a small business loan review board within the Division of Banks
summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to the mortgage review boards and the small business loan review board within the Division of Banks. Financial Services.
AI Summary
This bill establishes two regional mortgage review boards and a small business loan review board within the Division of Banks in Massachusetts. The mortgage review boards will review residential mortgage loan denials that applicants believe were denied based on the location of the property. The small business loan review board will review small business loan denials that applicants believe were unreasonably denied. The boards will provide information and recommendations to applicants and the Division of Banks commissioner. The commissioner is also required to report annually on the activities of the small business loan review board.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H5160 (on 12/01/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/H925 |
Bill | https://malegislature.gov/Bills/191/H925.pdf |
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