Bill
Bill > H1035
MA H1035
MA H1035Providing mortgage customers additional mandatory information regarding their accounts
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/07/2022
03/07/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
By Mr. Ayers of Quincy, a petition of Bruce J. Ayers that banking and lending institutions be required to issue certain information on monthly statements to mortgage loan customers. Financial Services.
AI Summary
This bill requires banking and lending institutions to provide mortgage customers with additional information on their monthly statements, including the remaining principal balance, the current interest rate, confirmation of the most recent payment received, and the balance and description of any escrow account payments. The purpose is to provide mortgage customers with more detailed information about their loan accounts.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
No further action taken (on 01/03/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H1035 | 04/15/2021 |
| Bill | https://malegislature.gov/Bills/192/H1035.pdf | 04/15/2021 |
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