AN ACT AN ACT RELATIVE TO BUSINESS LOANS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
Section 11 of chapter 167E of the General Laws, as appearing in the 1998 Official Edition, is hereby amended by striking out clause (b) and inserting in place thereof the following clause:-
(b) any real estate as collateral security for a commercial or business loan, but any second mortgage taken as primary security for any such loan shall be in accordance with guidelines established by the commissioner.