All institutions repealed Regulatory Bulletins
| Regulatory Bulletin | Date Repealed |
|---|---|
| 1.1-103 Conflict of Interest Policy | September 27, 2018 |
| 1.3-101 Adjustable Rate Mortgage Loans | May 11, 2012 |
| 1.3-102 Truth in Lending Reimbursement Guidelines | May 11, 2012 |
Banks and credit unions repealed Regulatory Bulletins
| Regulatory Bulletin | Date Repealed |
|---|---|
| 2.1-103 Annual Report Filing | May 11, 2012 |
| 2.2-101 Investment Policy Minimum Requirements | March 29, 20131 |
| 2.3-101 Community Reinvestment and Fair Lending Policy | March 29, 20132 |
| 2.2-102 Management Information Systems Examinations | October 2, 2012 |
| 2.3-105 Certificate of Deposit and Money Market Account Advertising Guidelines | October 2, 2012 |
- Regulatory Bulletin 2.1-101 Audit Policy
- Renumbered 3.2-102 on May 11, 2012
- Alternative CRA Examination Procedures
- Renumbered 1.3-105 on October 2, 2012
Banks repealed Regulatory Bulletins
| Regulatory Bulletin | Date Repealed |
|---|---|
| 3.3-101 Guidelines for “18-65” Accounts | October 7, 2022 * |
| 3.2-101 Reserve Requirements for State-Chartered Stock Banks | July 31, 2015 |
| 3.2-102 Audit Policy Requirement for Banks | July 31, 2015 |
* Regulatory Bulletin 3.3-101: Guidelines for “18-65” Accounts was repealed and consolidated into newly issued Regulatory Bulletin 2.1-106: Guidelines for “18-65” Accounts for Banks and Credit Unions on October 7, 2022 to reflect the updates set forth in Chapter 338 of the Acts of 2020, which requires credit unions to offer “18-65” accounts.
Credit unions repealed Regulatory Bulletins
| Regulatory Bulletin | Date Repealed |
|---|---|
| 4.1-101 Loans & Fees to Directors and Senior Management Employees | March 29, 20133 |
| 4.1-102 Investment in Foreign Government Bonds | March 29, 20134 |
| 4.1-103 Bond Coverage Requirements | March 29, 20135 |
| 4.2-102 Minimum Regulatory Capital Standards | March 29, 20136 |
| 4.2-103 Residential Mortgage Loan Underwriting | March 29, 2013 |
| 4.2-101 Loan Loss Reserve Requirements | October 2, 2012 |
| 4.3-101 Adjustable Rate Personal Loans | May 11, 2012 |
Licensee only repealed or rescinded Regulatory Bulletins
| Regulatory Bulletin | Date Repealed |
|---|---|
| 5.3-101 Fair Lending Policy - Licensed Mortgage Lenders | March 29, 20137 |
| Regulatory Bulletin | Date Rescinded |
|---|---|
| 5.1-105 Educational Requirements for Mortgage Loan Originators | September 16, 2009 |
Footnotes
- Regulatory Bulletin 2.2-101 Investment Policy Minimum Requirements was repealed March 29, 2013. However, all banks and credit unions must adhere to the existing guidance relative to investment policy requirements.
- Regulatory Bulletin 2.3-101 Community Reinvestment and Fair Lending Policy was repealed March 29, 2013 and consolidated into Bulletin 1.3-106 Community Reinvestment and Fair Lending Policy.
- Regulatory Bulletin 4.1-101 Loans & Fees to Directors and Senior Management Employees was repealed March 29, 2013 and consolidated into Bulletin 2.1-102 Insider Transactions.
- Regulatory Bulletin 4.1-102 Investment in Foreign Government Bonds was repealed March 29, 2013. Massachusetts General Laws chapter 171, section 67(s) expressly authorizes credit unions to invest in "...bonds of governments or countries friendly to the United States as defined by the United States Department of State." The Division has determined that the United States Department of State (State Department) does not formally designate or identify governments or countries as "friendly" to the United States. However, the State Department does identify governments or countries which have diplomatic relations with the United States. For a list of these countries, refer to the Fact Sheet entitled "Independent States in the World."
- Regulatory Bulletin 4.1-103 Fidelity Bond Coverage Requirements was repealed March 29, 2013. However, all credit unions must adhere to federal minimum fidelity bond coverage requirements.
- Regulatory Bulletin 4.2-102 Minimum Regulatory Capital Standards was repealed March 29, 2013. However, all credit unions must adhere to federal capital requirements.
- Regulatory Bulletin 5.3-101 Fair Lending Policy - Licensed Mortgage Lender was repealed March 29, 2013 and consolidated into Bulletin 1.3-106 Community Reinvestment and Fair Lending Policy.