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April 25, 2024 Clear | 41°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS
  3. Title I TITLE TO REAL PROPERTY
  4. Chapter 183C PREDATORY HOME LOAN PRACTICES
  5. Section 12 Consolidation of payments

Section 12

Section 12: Consolidation of payments

Section 12. A high-cost home mortgage loan shall not include terms pursuant to which more than 2 periodic payments required under the loan are consolidated and paid in advance from the loan proceeds provided to the borrower.