HOUSE DOCKET, NO. 3861        FILED ON: 1/18/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 220

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Mark J. Cusack

_________________

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 negative equity.

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PETITION OF:

 

Name:

District/Address:

Mark J. Cusack

5th Norfolk


HOUSE DOCKET, NO. 3861        FILED ON: 1/18/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 220

By Mr. Cusack of Braintree, a petition (accompanied by bill, House, No. 220) of Mark J. Cusack relative to certain businesses providing loans.  Consumer Protection and Professional Licensure.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

An Act relative to negative equity.

 

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

SECTION 1. Section 96 of chapter 140 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended, at the end thereof, by inserting the following new paragraph:-

“This section shall not apply to any transactions engaged in pursuant to a license granted under any other section of this chapter or section 2 of chapter 255B.”

SECTION 2. This act shall take effect immediately.