Massachusetts General Laws ch. 183C sec. 16 – Default in connection with refinancing
Current as of: 2023 | Check for updates
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Section 16. A lender shall not recommend or encourage default on an existing loan or other debt prior to and in connection with the closing or planned closing of a high-cost home mortgage loan that refinances all or any portion of the existing loan or debt.
Terms Used In Massachusetts General Laws ch. 183C sec. 16
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.