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March 31, 2026 Clouds | 42°F
The 194th General Court of the Commonwealth of Massachusetts

Bill S.751 194th (Current)

An Act relative to mortgage review boards and a small business loan review board within the division of banks

By Mr. Feeney, a petition (accompanied by bill, Senate, No. 751) of Paul R. Feeney for legislation to establish mortgage review boards and a small business loan review board within the division of banks. Financial Services.

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Bill Information

Presenter:
Paul R. Feeney
Status:
Referred to Senate Committee on Ways and Means

Mortgages

Establishes two regional mortgage review boards and one statewide small business loan review board within the Massachusetts Division of Banks. The mortgage boards will review residential loan denials based on property location and must respond to appeals within 45 days. The small business board will review denied small business loan applications it deems unreasonably rejected and must respond within 30 to 60 days, also offering alternative financing resources. Both initiatives aim to increase transparency, accountability, and equitable access to credit across the Commonwealth.
* The bill summary was created by the Primary Sponsor of the bill; no committee of the General Court certifies the accuracy of its contents.

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