AN ACT INCREASING THE AGGREGATE AMOUNT OF SECOND MORTGAGE LOANS BY CREDIT UNIONS.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Paragraph 7 of subsection (a) of subdivision (B) of section 24 of
chapter 171 of the General Laws is hereby amended by striking out the
last sentence, as appearing in the 1988 Official Edition, and inserting in
place thereof the following sentence:- The aggregate amount of loans made
by such credit union pursuant to this paragraph shall not exceed
twenty-five percent of its assets.