Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Chapter 183 of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by adding the following section:-
Section 65. Any mortgagee doing business in the commonwealth who makes in excess of five mortgage loans per year shall accept a written memorandum of a preliminary contract of insurance pursuant to section ninety-eight of chapter one hundred and seventy-five as evidence of insurance from any duly licensed agent, broker or insurance company.