MA H1272

Establishes 2 regional mortgage review boards within the Division of Banks: a Boston metropolitan area board covering 9 eastern counties and a central/western Massachusetts board covering 5 western counties, each with 5 members serving 3-year terms

Allows applicants to appeal residential mortgage loan denials they believe were based on property location, with boards required to issue written determinations within 45 days of appeal

Creates a statewide small business loan review board with 5 members (2 bank representatives, 3 small business/community representatives) to review loan denials applicants believe were unreasonable

Requires the small business loan review board to report findings to applicants within 30 days (extendable to 60 days) and provide information on alternative financing sources including state programs

Defines eligible small businesses as those with gross annual revenues of $1 million or less or meeting SBA size standards under 13 CFR 121.201