MA H925

Bill

Relative to mortgage review boards and a small business loan review board within the Division of Banks

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)

Dan Cahill (D),

Last Action

Accompanied a study order, see H5160 (on 12/01/2020)

Official Document

https://malegislature.gov/Bills/191/H925

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H925
Bill	https://malegislature.gov/Bills/191/H925.pdf

Bill	Bill Name	Last Action	Type
H1058	Relative to the licensing and supervision of finance companies by the Division of Banks	Accompanied a study order, see H5160	Similar To
H1069	Establishing a student loan bill of rights	Accompanied a new draft, see H3977	Similar To
H1073	Relative to the licensing and supervision of debt management services in the Commonwealth	Reporting date extended to Tuesday December 29, 2020, pending concurrence	Similar To
H5160	Study Order - payments and insurance	Discharged to the committee on House Rules	Replaced by
H924	Relative to the regulation of the business of domestic and foreign money transmission by the Division of Banks	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H998	Establishing a student loan bill of rights	Accompanied a new draft, see H3977	Similar To

Bill > H925

MA H925

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

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