MA H1273

Establishes uniform penalty provisions allowing the Commissioner of Banks to impose fines up to $5,000 per violation, with a maximum of $100,000 per violation plus investigation costs, for licensees violating financial services laws

Creates confidentiality protections for Division of Banks examination records, workpapers, and investigation reports, exempting them from subpoena and public records requirements while allowing disclosure to federal, state, and foreign regulatory agencies

Authorizes the commissioner to prohibit individuals from working in financial services industries for up to 36 months following violations, including bars from employment with any licensee, commissioner-licensed business, or bank subsidiary

Grants the commissioner authority to issue cease and desist orders, including temporary emergency orders when public interest would be irreparably harmed by delay, with hearings required within 20-30 days

Applies uniform enforcement provisions across multiple financial services sectors including debt collectors, third-party loan servicers, small loan lenders, check sellers, money transmitters, check cashers, sales finance companies, premium finance agencies, and mortgage lenders