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MA H1183

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Richard Haggerty

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Establishes a two-tiered minimum fee structure for mortgage license applications: at least $500 annually for non-Massachusetts corporations and at least $300 annually for corporations headquartered in Massachusetts
  • Exempts community development corporations (as defined in Chapter 40F) from investigation and license fees
  • Requires the Secretary of Administration to determine investigation and license fees annually under section 3B of chapter 7
  • Mandates annual expiration and renewal of mortgage loan originator licenses, with renewal applications signed under pains and penalties of perjury

Legislative Description

Relative to mortgage licensing in Massachusetts

Last Action

Accompanied a study order, see H5213

3/12/2026

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available