Selected Opinions regarding Banks: 97-254 through 97-053

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.

Exclusive Lease Arrangements In Which A Bank Is A Party - Q2 1998

Authority To Offer Unemployment Insurance To A Co-Borrower - Q1 1998

Mobile Branch Offices - Q4 1997

Federal Reserve's Single Account Structure - Q1 1998

Limitations On Bank Deposit Contracts - Q4 1997

Bank Holding Company Acquisitions Of Certain Limited Purpose Banks - Q4 1997

Using The Word Bank Within The Name Of A Corporate Licensee - Q4 1997

Bank Sales Or Distribution Of Pre-Paid Telephone Cards And Postage Stamps - Q4 1997

Collection Agency Licensing Requirements For Out-Of-State Banks - Q4 1997

Permissibility Of A Massachusetts-Chartered Bank Investing In Securities Which Are Less Than Investment Grade - Q2 1998

Bank Denials Of Equipment Lease Applications Made By Small Businesses - Q4 1997

Maintaining A Banking Office At The Same Site Where Another Bank Has An ATM - Q3 1997

Limitations On Bank Deposit Contracts - Q3 1997

Out-Of-State Banks Making Mortgage Loans In The Commonwealth - Q3 1997

License Requirements For Entities Which Sell, Distribute & Maintain ATMs - Q3 1997

Reciprocity With Connecticut Banking Merger Laws - Q4 1997

Applicability Small Loans Act And Small Loans Rate Order On Banks - Q1 1998

Permissibility Of Pre-Setting Personal Identification Numbers For Bank Telephone Banking Services - Q3 1997

Dividend Anticipation Loan Notice Requirements - Q3 1997

Permissibility Of Offering Home Equity Loans - Q4 1997

Permissibility Of Providing Courier Services - Q3 1997

Unauthorized Electronic Funds Transfers Disclosures Regarding Customer Liability - Q3 1997

Notifying Passbook Account Holders Of Their Rights Under The "18-65" Law - Q3 1997

Assets Qualifying For Co-operative Bank Minimum Reserve Requirements - Q3 1997

Bank Authority To Invest In The Capital Stock Of A Bankers' Bank - Q3 1997

Deposit Solicitation In Massachusetts By Out-Of-State Banks - Q3 1997

Federal Pre-emption Of The Massachusetts Electronic Funds Act - Q3 1997

Laws Applicable To Insider Loans - Q3 1997

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.