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December 21, 2024 Clear | 20°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 16 Default in connection with refinancing

Section 16

Section 16: Default in connection with refinancing

Section 16. A lender shall not recommend or encourage default on an existing loan or other debt prior to and in connection with the closing or planned closing of a high-cost home mortgage loan that refinances all or any portion of the existing loan or debt.