• 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 03-060

    Authority for the Depositors Insurance Fund To Borrow from the Federal Home Loan Bank - July 30, 2003
  • Selected Opinion 01-181

    Operating as a Credit Services Organization in Massachusetts - January 9, 2002
  • Selected Opinion 01-112

    Licensing Requirements for Credit Reporting Agency - August 16, 2001
  • Summary of Selected Opinion 99-144

    Acting As A Foreign Fiduciary In The Commonwealth - Q4 1999
  • Summary of Selected Opinion 99-043

    Authority Of Savings Bank Employees Benefit Association ("SBEBA") Relative To Formation Of Or Investment In Subsidiaries - Q2 1999
  • Q1 1999 Miscellaneous opinion

    The Division of Banks, jointly with the Division of Insurance, responded to a trade association's request for comment on issues raised in several questions relative to the operation of the bank insurance sales statute, Chapter 129 of the Acts of 1998 and regulations promulgated by the DOB and DOI, 209 CMR 49.00 et seq . and 211 CMR 142.00 et seq. , respectively.
  • Summary of Selected Opinion 98-239

    Prohibition Against Surcharges For Making Payments Through Credit Cards - Q4 1998
  • Summary of Selected Opinion 98-091

    Preemption of State Law Adverse Action Requirements - Q4 1998
  • Summary of Selected Opinion 98-086

    "Budget Planner" As "Credit Services Organization" - Q2 1998
  • Summary of Selected Opinion 98-072

    CRA Qualification Of Investment In A Fund That Is A Business Development Corporation - Q2 1998
  • Past opinions of the Division of Banks

    Copies of past opinions may be obtained by submitting a Public Records Request on the Division’s website or by emailing the Division’s Record Access Officer at DOB.RAO@state.ma.us. 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.