By the Division of Banks

Restrictions On Publishing Mortgage Rates

It is the position of the Division of Banks that data published by a newspaper as statistical information for the benefit and use of its readers, obtained from a third party source which contracts with lending institutions to have their mortgage rates published, would not constitute advertising and therefore would not trigger Truth-in-Lending disclosures under Mass. Gen. Laws chapter 140D or 209 CMR 32.00 et seq. However, in order to be valuable to a consumer for meaningful comparison purposes, the listings should include the minimum percentage of down payment required for each of the loan products listed.