This document is provided pursuant to the provisions of Mass. Gen. Laws Ann. ch. 167, § 14A, with the format of the document based upon the model form originally published under Mass. Regs. Code tit. 209, §§ 39.01 et seq. which were repealed effective January 28, 2005 – but for which no substantive replacement was promulgated (regardless of such repeal, the language of the model form still complied with statutory requirements).
The Massachusetts Office of Consumer Affairs & Business Regulation has recently published an Industry Letter (from the Massachusetts Division of Banks) implementing a new model form (see “Industry Letter regarding the Regional Mortgage Review Boards and Regional Small Business Loan Review Boards” at http://www.mass.gov/ocabr/banking-and-finance/banking-services/industry-letters/). As a result, we will be updating Cx3852 to match this new form.
These changes will take effect on November 19, 2015. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.