Loading chat...

MA H1083

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Bruce Ayers

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Banks and lending institutions would be required to issue monthly statements to mortgage loan customers
  • Monthly statements must include the remaining principal balance to be paid
  • Statements must confirm receipt of the most recent payment
  • Escrow account balances and descriptions of any payments from escrow accounts must be disclosed
  • Amends Chapter 167E of the General Laws by adding new Section 17

Legislative Description

Providing mortgage customers additional mandatory information regarding their accounts

Last Action

Accompanied a study order, see H4712

11/10/2025

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available