Massachusetts Statutes
§ 8 — Limitation on scheduled payments
Massachusetts·Part II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS·Title I TITLE TO REAL PROPERTY·Ch. 183C PREDATORY HOME LOAN PRACTICES
Section 8. A high-cost home mortgage loan shall not contain a scheduled payment that is more than twice as large as the average of earlier scheduled payments. This subsection shall not apply when the payment schedule is adjusted to the seasonal or irregular income of the borrower.
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