[ Text of section effective until July 1, 2006. Repealed by 2006, 63, Sec. 4B applicable as provided by 2006, 63, Sec. 8. See 2006, 63, Sec. 9.]
Section 17C. Any mortgagee, when processing an application for a loan to be secured by a first mortgage on residential property located in the commonwealth of four or less units and occupied or to be occupied in whole or in part by the mortgagor shall, upon the issuance to the applicant of a letter of commitment to or denial of such application, include therein a statement that the applicant has thirty days from the date of said letter to request a copy of any report, wherever and by whomever prepared, utilized by the mortgagee in connection with any such application and containing an opinion as to the value of said residential property. Upon written request of the said applicant, a copy of any such report shall be provided without additional charge or fee within thirty days from the date of such request; provided, however, that a mortgagee shall not be required to make such copy available if the applicant rescinds the transaction. A mortgagee, appraiser or employee or other agent of the mortgagee shall not be liable in damages to the applicant, or to the seller or agent of the seller of such property on account of the disclosure or the contents of any such report.