Bill
Bill > H933
MA H933
MA H933Providing mortgage customers additional mandatory information regarding their accounts
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/22/2024
02/22/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
By Representative 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 loan customers with certain information on their monthly statements, including the remaining principal balance, confirmation of the most recent payment received, and the balance and description of any escrow account payments. The purpose of this bill is to provide mortgage customers with additional mandatory information regarding their accounts.
Committee Categories
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
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/H933 | 03/14/2023 |
| BillText | https://malegislature.gov/Bills/193/H933.pdf | 03/14/2023 |
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