S751
An Act relative to mortgage review boards and a small business loan review board within the division of banks
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes the creation of two review boards within the Division of Banks: a mortgage review board and a small business loan review board. These boards would be responsible for examining and potentially reviewing mortgage and small business loan applications and practices. The goal is to ensure fairness and transparency in lending decisions and to address potential issues related to lending practices.
Key provisions
- Establishment of a mortgage review board.
- Establishment of a small business loan review board.
- These boards will operate within the Division of Banks.
- The boards are intended to review lending practices.
- The bill aims to promote fairness and transparency in lending.
Who is affected
- Borrowers
- Lenders
- Small business owners
- The Division of Banks
- Massachusetts residents
Notable changes
- Creates new oversight mechanisms for mortgage and small business loans.
- No specific changes to existing regulations are detailed in the text.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Paul R. Feeney
Cosponsor
Paul R. Feeney
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Bill S.751 194th (Current)
An Act relative to mortgage review boards and a small business loan review board within the division of banks
By Mr. Feeney, a petition (accompanied by bill, Senate, No. 751) of Paul R. Feeney for legislation to establish mortgage review boards and a small business loan review board within the division of banks. Financial Services.
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Bill Information
Bill Information
Presenter: Paul R. Feeney Status: Referred to Senate Committee on Ways and Means
Tabs
Bill History Petitioners Committee Vote Primary Sponsor Summary
Bill History
Displaying 4 actions for Bill S.751
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Financial Services |
| 2/27/2025 | House | House concurred |
| 4/8/2025 | Joint | Hearing scheduled for 04/15/2025 from 10:00 AM-01:00 PM in A-2 |
| 9/2/2025 | Senate | Bill reported favorably by committee and referred to the committee on Senate Ways and Means |
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