Mass. Gen. Laws ch. 183 § 67

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 183:67 - Reverse mortgage loans on residential property; restrictions

No mortgagee shall make a reverse mortgage loan on residential property except in accordance with sections 7 and 7A of chapter 167E. For the purposes of this section, the term "residential property" shall mean a 1 to 4 family dwelling owned and occupied in whole or in part by the mortgagor and located in the commonwealth.

Mass. Gen. Laws ch. 183, § 67

Amended by Acts 2010, c. 258,§ 4, eff. 11/1/2010.