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
In Committee
01/22/2019
Crossed Over
Passed
Dead
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)

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