Section 127I of chapter 111 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by adding the following paragraph:-
Notwithstanding any general or special law to the contrary, a municipality may, by ordinance or by-law, require an entity to provide a cash surety in an amount not to exceed $10,000 on vacant property that the entity has the lawful ability to enter upon and control when that entity is foreclosing or has foreclosed upon the property.
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