• Background regarding Division of Banks Selected Opinions

    The publication of these Selected Opinions, as well as the previously issued Annual and Quarterly Digests, is part of the Division's ongoing effort to continue to improve its communication with all those who have a vested interest in the financial services industry. Through these Selected Opinions and Digests, the Division offers its perspective on current issues and questions in the financial services industry. As always, requests for opinions from the Division must be addressed directly to the Commissioner of Banks, Massachusetts Division of Banks, 1000 Washington Street, 10th Floor, Boston, MA 02118-6400 and must include a statement of all relevant facts, cites to applicable statutes and regulatory documents and an analysis of those materials supporting your position. The Division acknowledges receipt of opinion requests by assigning each a number. Any subsequent inquiries to the Division about an opinion request should refer to this opinion number.
  • Selected Opinion 05-006

    Several Questions Relative to Borrower's Interest Regulation - May 26, 2005
  • Selected Opinion 03-073

    Are Loans on Mobile/Manufactured Homes on Leased Land Covered by the High Cost Mortgage Loan Regulations - July 28, 2003
  • Selected Opinion 01-018

    Issue Related to High Cost Mortgage Loan Regulation - February 26, 2001
  • Selected Opinion 01-017

    Issues Related to High Cost Mortgage Loan Regulation - March 9, 2001
  • Selected Opinions 01-016, 01-074, 01-095, 01-098

    Questions Relative to High Cost Loan Provisions of Truth in Lending Regulation - June 4, 2001, June 25, 2001, July 12, 2001, August 6, 2001
  • Selected Opinion 00-179

    Calculation of APR and Effective Date under High Cost Mortgage Loan Regulation - February 26, 2001
  • Summary of Selected Opinion 99-153

    The Compliance Requirements Of 940 CMR 8.05 And Certain Truth-In-Lending Disclosure Requirements - Q4 1999
  • Summary of Selected Opinion 99-114

    Ability To Charge A Fee To Protect Against Repossession Losses - Q4 1999
  • Summary of Selected Opinion 99-076

    Truth-In-Lending Issues Triggered By Home Equity Loan Product - Q3 1999
  • Summary of Selected Opinion 99-018

    Permissibility Of Mortgage Brokers Providing Disclosures To Borrowers On Behalf Of Mortgage Lenders - Q2 1999
  • Summary of Selected Opinion 99-017

    Truth-In-Lending Disclosures For Consumer Loans Through The Internet - Q2 1999
  • Summary of Selected Opinion 97-273

    Regulation Z And Disclosure For Variable Rate Mortgage Loans - Q1 1998
  • Summary of Selected Opinion 97-249

    Licensing Requirements For Entities Soliciting Consumer Financing In MA
  • Summary of Selected Opinion 97-243

    Excludability Of Title Search Charges From Finance Charge Disclosure Requirements - Q4 1997
  • Summary of Selected Opinion 97-179

    Truth-In-Lending Disclosures For Bi-Weekly Mortgage Notes - Q3 1997
  • Summary of Selected Opinion 97-174

    Restrictions On Publishing Mortgage Rates - Q3 1997
  • Past opinions of the Division of Banks

    Copies of past opinions may be obtained for a fee from the Division's Consumer Assistance Unit at (617) 956-1502, and must be paid for by check. The Division's Regulations, found in the Code of Massachusetts Regulations (CMR - agency code number 209), are available through the State House Bookstore, State House Room 116, Boston, Massachusetts, 02133. Please contact the bookstore directly for prices at (617) 727-2834.