209 C.M.R. 53.03

Prohibition on Refinancing a Home Loan Unless it is in the Borrower's Interest

Effective Jul 18, 2014M.G.L. c. 183, § 28CDivision of Banks

Pursuant to M.G.L. c. 183, § 28C, a lender shall not knowingly refinance a home loan that was consummated within 60 months prior to the lender's receipt of an application for a new home loan, unless the refinancing is in the borrower's interest.

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