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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 7 Interest rate increases

Section 7

Section 7: Interest rate increases

Section 7. A high-cost home mortgage loan shall not contain a provision that increases the interest rate after default. This section shall not apply to interest rate changes in a variable rate loan otherwise consistent with the home loan documents provided that the change in the interest rate is not triggered by the event of default or the acceleration of indebtedness.