An Act regulating certain mortgages
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to regulate certain mortgages in Massachusetts. It seeks to establish rules and guidelines for mortgage practices within the state. The specific details of the regulations are currently being developed through a hearing process. The bill’s purpose is to provide greater oversight and potentially consumer protections related to mortgage lending.
Key provisions
- Establish rules and guidelines for mortgage practices.
- The bill is currently undergoing a hearing process to determine specific provisions.
- The hearing is scheduled for November 18, 2025.
- The bill was referred to the Committee on Financial Services.
- The bill is related to similar legislation concerning mortgage regulation.
- The bill is accompanied by a study order (H5213).
Who is affected
- Mortgage lenders
- Borrowers in Massachusetts
- Financial Services industry
Notable changes
- The bill is in the early stages of development, with a hearing scheduled to determine specific regulations.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
Amy Mah Sangiolo
James B. Eldridge
Arguments
Reasons offered for and against this legislation.
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