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Session Laws

1987

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CHAPTER 316 AN ACT RELATIVE TO BI-WEEKLY MORTGAGES.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 6 of chapter 167E of the General Laws, as appearing in the 1986 Official Edition, is hereby amended by adding the following paragraph:-

15. Notwithstanding any provisions of the law to the contrary, any note or mortgage may provide for at least bi-weekly principal and interest.

Approved July 23, 1987.