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General Laws of Massachusetts - Chapter 255E Licensing of Certain Mortgage Lenders and Brokers
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- Massachusetts General Laws - Definitions - Chapter 255E, Section 1
As used in this chapter the following words shall, unless the context otherwise requires, have the following meanings:-- "Commissioner'', the commissioner of banks. "Mortgage broker'', any person...
- Massachusetts General Laws - Mortgage broker or lender license requirement; exempted entities - Chapter 255E, Section 2
[ Text of section effective until November 29, 2007. For text effective November 29, 2007, see below.]No person shall act as a mortgage broker or...
- Massachusetts General Laws - License application - Chapter 255E, Section 3
[ Text of section effective until December 28, 2007. For text effective December 28, 2007, see below.]The application for a license shall be in writing...
- Massachusetts General Laws - Issuance of license by commissioner; notice of license denial; appeal - Chapter 255E, Section 4
Upon the filing of an application for a license, if the commissioner finds that the financial responsibility, character, reputation, integrity and general fitness of the...
- Massachusetts General Laws - Information on license; changes; notice requirements - Chapter 255E, Section 5
[ Text of section effective until December 28, 2007. For text effective December 28, 2007, see below.]Each license shall state the address at which the...
- Massachusetts General Laws - Commissioner's order to cease and desist from unlawful act or practice; prior notice and opportunity for hearing; temporary order - Chapter 255E, Section 7
(a) If the commissioner determines, after giving notice of and opportunity for a hearing, that a licensee has engaged in or is about to engage...
- Massachusetts General Laws - Annual report to commissioner; preservation of books and records; inspections - Chapter 255E, Section 8
[ First paragraph effective until December 28, 2007. For text effective December 28, 2007, see below.]Each licensee shall annually, on or before the fifteenth day...
- Massachusetts General Laws - Civil actions filed by commissioner - Chapter 255E, Section 9
The commissioner may enforce the provisions of this chapter, or restrain any violations thereof, by filing a civil action in any court of competent jurisdiction.
- Massachusetts General Laws - Penalties - Chapter 255E, Section 10
[ Text of section effective until November 29, 2007. For text effective November 29, 2007, see below.]Whoever violates any provision of section two or any...
- Massachusetts General Laws - Penalties; no limitation on civil action; review - Chapter 255E, Section 11
(a) Whenever the commissioner finds that any licensee or exempt person under section 2 has violated this chapter or any rule or regulation adopted thereunder,...
- Massachusetts General Laws - Written notice of intention to prohibit; statement of facts; order of prohibition; service - Chapter 255E, Section 12
(a) Whenever the commissioner determines that any person has, directly or indirectly, violated any section of this chapter or any rule or regulation adopted thereunder,...
Last modified: March 17, 2010
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