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December 04, 2024 Rain | 37°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XX PUBLIC SAFETY AND GOOD ORDER
  4. Chapter 140D CONSUMER CREDIT COST DISCLOSURE
  5. Section 36 Exemption from requirements of federal law; action for determination by bureau that commonwealth requirements substantially similar to federal requirements

Section 36

Section 36: Exemption from requirements of federal law; action for determination by bureau that commonwealth requirements substantially similar to federal requirements

Section 36. The commissioner may take any action necessary, including but not limited to promulgating regulations under chapter 30A, to apply for or to preserve a determination by the bureau, or its successor agency, that under the laws of the commonwealth any class of credit transactions within the commonwealth shall be subject to requirements substantially similar to the federal requirements and that there are adequate provisions for enforcement of such requirements.