AN ACT RELATIVE TO THE LICENSING OF MORTGAGE LOAN ORIGINATORS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same as follows:
SECTION 1. Chapter 6 of the General Laws is hereby amended by inserting after section 172I the following section:- Section 172J. Notwithstanding section 172 or any other general or special law to the contrary, the commissioner of banks may obtain all available criminal offender record information as found in the court activity record information from the criminal history systems board of all applicants for licensure pursuant to chapter 255F. Information obtained under this section shall not be disseminated for any purpose other than to provide mortgage protection for home owners.
SECTION 2. Section 21 of chapter 206 of the acts of 2007 is hereby amended by striking out the second sentence and inserting in place thereof the following sentence:- Said section 11 shall not apply to such mortgages accelerated or whose statutory condition has been voided under the terms of the mortgage to secure the note, prior to May 1, 2008.
SECTION 3. Section 2 shall take effect as of November 29, 2007.
Approved December 28, 2007