Massachusetts General Laws ch. 223 sec. 76 – Excessive demands; penalty
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Section 76. If the mortgagee, pledgee, lienor or conditional vendor, or his assigns, demands and receives more than the amount due to him, he shall be liable to the attaching creditor for the excess, with interest thereon at the rate of twelve per cent a year.
Terms Used In Massachusetts General Laws ch. 223 sec. 76
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.