Massachusetts § 4 Loan policies

Massachusetts Statutes

§ 4 — Loan policies

Massachusetts § 4

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 167EMORTGAGES AND LOANS

This text of Massachusetts § 4 (Loan policies) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 167E, § 4 (2026).

Text

Section 4.

(a)Each bank shall adopt and maintain comprehensive written loan policies that establish appropriate limits and standards for extensions of credit under section 3 that are consistent with safe and sound banking practices and are appropriate to the size, nature and scope of the bank's operations.

(b)The loan policies shall establish prudent loan underwriting standards that clearly and measurably address, at a minimum:

(1)maximum loan to value, loan amount, loan maturities, and debt to income requirements;

(2)collateral and appraisal requirements;

(3)application and loan approval requirements; and (4) loan administration procedures. The written loan policies shall be reviewed and approved annually by the bank's governing board.

(c)The commissioner may by directive, guideline o

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Section 4. (a) Each bank shall adopt and maintain comprehensive written loan policies that establish appropriate limits and standards for extensions of credit under section 3 that are consistent with safe and sound banking practices and are appropriate to the size, nature and scope of the bank's operations.(b) The loan policies shall establish prudent loan underwriting standards that clearly and measurably address, at a minimum: (1) maximum loan to value, loan amount, loan maturities, and debt to income requirements; (2) collateral and appraisal requirements; (3) application and loan approval requirements; and (4) loan administration procedures. The written loan policies shall be reviewed and approved annually by the bank's governing board.(c) The commissioner may by directive, guideline or regulation, establish additional minimum safe and sound lending requirements.

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Massachusetts § 4, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/167E/4.