HOUSE DOCKET, NO. 3189        FILED ON: 2/18/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3600

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Angelo M. Scaccia

_________________

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 adoption of the accompanying bill:

An Act relative to home mortgage applications.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

Angelo M. Scaccia

14th Suffolk

1/21/2011


HOUSE DOCKET, NO. 3189        FILED ON: 2/18/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 3600

By Mr. Scaccia of Boston, a petition (accompanied by bill, House, No. 3600) of Angelo M. Scaccia for legislation to prohibit the use of consumer credit scores when evaluating applications for mortgage loans.  Financial Services.

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

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An Act relative to home mortgage applications.

 

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

Subsection (b) of section 4 of chapter 167E of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following sentence:-

Notwithstanding any provision of this section or any general or special law to the contrary, no bank or lending institution doing business in the commonwealth shall use FICO or any other consumer credit scores when evaluating an application for mortgage loans under section 3.