Mass. Gen. Laws ch. 183C § 12

Current through Chapter 67 of the 2024 Legislative Session

Section 183C:12 - Advance payments from loan proceeds

A high-cost home mortgage loan shall not include terms pursuant to which more than 2 periodic payments required under the loan are consolidated and paid in advance from the loan proceeds provided to the borrower.

Mass. Gen. Laws ch. 183C, § 12

Added by Acts 2004, c. 268,§ 6, eff. 11/7/2004.