SECTION 1. Section 16 of chapter 167D of the General Laws, as appearing, in the 2016 Official Edition is hereby amended by striking out, in lines 6 to 9, the words “no such transfer shall be made if the debt is the result of consumer credit granted under the federal Truth in Lending Act, 15 U.S.C. section 1601 et. seq.” and inserting in place thereof the following words:- if the debt is the result of consumer credit granted under the federal Truth in Lending Act, 15 U.S.C. section 1601 et. seq. then notice, if any, shall be made in compliance with the federal act and the regulations promulgated thereunder.
SECTION 2. Clause (2) of section 7 of chapter 167H, as so appearing, is hereby amended by striking out, in line 11, the words “ form and” and inserting in place thereof the words:- form, an out–of-state-bank, as defined in section 1 of chapter 167 in mutual form, and.
SECTION 3. Section 11 of chapter 167J, as so appearing, is hereby amended by striking out, in lines 7 and 8, the word “submitted” and inserting in place thereof the following words:- submitted or as of the close of the last business day of the preceding month or as of the close of a business day not more than ten days prior to the date of the meeting.
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