HOUSE DOCKET, NO. 1289 FILED ON: 1/16/2013 HOUSE . . . . . . . . . . . . . . . No. 1169 The Commonwealth of Massachusetts _________________ PRESENTED BY: Steven M. Walsh _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled: The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act relative to private mortgage insurance and the Affordable Housing Trust Fund. _______________ PETITION OF: Name: | District/Address: | Steven M. Walsh | 11th Essex |
HOUSE DOCKET, NO. 1289 FILED ON: 1/16/2013 HOUSE . . . . . . . . . . . . . . . No. 1169 By Mr. Walsh of Lynn, a petition (accompanied by bill, House, No. 1169) of Steven M. Walsh relative to private mortgage insurance and the Affordable Housing Trust Fund. Housing. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE
HOUSE
, NO. 1272 OF 2011-2012.]
The Commonwealth of Massachusetts
An Act relative to private mortgage insurance and the Affordable Housing Trust Fund.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 3 of Chapter 121D of the General Laws is hereby amended by inserting at the end of the section the following:- (e) Persons or parties who are issued loans as part of the fund which exceed eighty percent of the value of the real estate shall not be required to insure or guarantee the loan by a mortgage insurance company as otherwise required in Section 2 of 167E. |
