Bill
Bill > H1104
MA H1104
MA H1104Relative to mortgage review boards and a small business loan review board within the Division of Banks
summary
Introduced
02/16/2023
02/16/2023
In Committee
04/03/2024
04/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd 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 applicants believe were denied based on the property's location, while the small business loan review board will review small business loan denials that applicants believe were unreasonably denied. The bill outlines the composition, responsibilities, and reporting requirements of these boards, and allows the Commissioner of Banks to promulgate rules and regulations governing their establishment and operation.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
No further action taken (on 12/31/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Banking System and Financial Institution Regulation and Reform
- ‐ Small Business
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
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/193/H1104 | 03/13/2023 |
| BillText | https://malegislature.gov/Bills/193/H1104.pdf | 03/13/2023 |
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