Massachusetts General Laws ch. 183C sec. 12 – Consolidation of payments
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Section 12. A high-cost home mortgage loan shall not include terms pursuant to which more than 2 periodic payments required under the loan are consolidated and paid in advance from the loan proceeds provided to the borrower.
Terms Used In Massachusetts General Laws ch. 183C sec. 12
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.