209 CMR, § 53.03

Current through Register 1533, October 25, 2024

Section 53.03 - Prohibition on Refinancing a Home Loan Unless it is in the Borrower's Interest

Pursuant to M.G.L. c. 183, § 28C, a lender shall not knowingly refinance a home loan that was consummated within 60 months prior to the lender's receipt of an application for a new home loan, unless the refinancing is in the borrower's interest.

209 CMR, § 53.03

Amended by Mass Register Issue 1265, eff. 7/18/2014.