MA H1054

Bill

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

Introduced
03/29/2021

In Committee
03/29/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to mortgage review boards and a 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. The mortgage review boards will review residential mortgage loan denials that an applicant believes 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 bill also provides details on the composition, responsibilities, and reporting requirements of these review boards.

Committee Categories

Business and Industry

Sponsors (1)

Dan Cahill (D)*,

Last Action

Accompanied a study order, see H4976 (on 09/01/2022)

Official Document

https://malegislature.gov/Bills/192/H1054

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H1054
Bill	https://malegislature.gov/Bills/192/H1054.pdf

Bill	Bill Name	Last Action	Type
H1051	Relative to the licensing and supervision of debt management services in the Commonwealth	Accompanied a study order, see H4976	Similar To
H1166	Relative to the regulation of the business of domestic and foreign money transmission by the Division of Banks	Accompanied a new draft, see H4550	Similar To
H4550	Relative to the regulation of the business of domestic and foreign money transmission by the Division of Banks	No further action taken	Similar To
H4976	Study Order	No further action taken	Replaced by

Bill > H1054

MA H1054

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary