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Regulatory Bulletins repealed by the Division of Banks

The Division of Banks (DOB) issues Regulatory Bulletins to clarify and explain the DOB's interpretation of certain regulations, issues, or laws. The following Regulatory Bulletins have been repealed.

All institutions repealed Regulatory Bulletins

  • Regulatory Bulletin 1.1-103 Conflict of Interest Policy
    • Repealed September 27, 2018
  • Regulatory Bulletin 1.3-101 Adjustable Rate Mortgage Loans
    • Repealed May 11, 2012
  • Regulatory Bulletin 1.3-102 Truth in Lending Reimbursement Guidelines
    • Repealed May 11, 2012

Banks and credit unions repealed Regulatory Bulletins

  • Regulatory Bulletin 2.1-101 Audit Policy
    • Renumbered as 3.2-102 on May 11, 2012
  • Regulatory Bulletin 2.1-103 Annual Report Filing
    • Repealed May 11, 2012
  • Regulatory Bulletin 2.2-101 Investment Policy Minimum Requirements
    • Repealed March 29, 2013.  However, all banks and credit unions must adhere to the existing guidance relative to investment policy requirements.
  • Regulatory Bulletin 2.2-102 Management Information Systems Examinations
    • Repealed October 2, 2012
  • Regulatory Bulletin 2.3-101 Community Reinvestment and Fair Lending Policy
    • Repealed March 29, 2013 and consolidated into Bulletin 1.3-106 Community Reinvestment and Fair Lending Policy.
  • Alternative CRA Examination Procedures
    • Renumbered as 1.3-105 on October 2, 2012
  • Regulatory Bulletin 2.3-105 Certificate of Deposit and Money Market Account Advertising Guidelines
    • Repealed October 2, 2012

Banks repealed Regulatory Bulletins

  • Regulatory Bulletin 3.2-101 Reserve Requirements for State-Chartered Stock Banks
    • Repealed effective July 31, 2015
  • Regulatory Bulletin 3.2-102 Audit Policy Requirement for Banks
    • Repealed effective July 31, 2015

Credit unions repealed Regulatory Bulletins

  • Regulatory Bulletin 4.1-101 Loans & Fees to Directors and Senior Management Employees
    • Repealed March 29, 2013 and consolidated into Bulletin 2.1-102 Insider Transactions.
  • Regulatory Bulletin 4.1-102 Investment in Foreign Government Bonds
    • Repealed March 29, 2013.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
    • Repealed March 29, 2013.  However, all credit unions must adhere to federal minimum fidelity bond coverage requirements.
  • Regulatory Bulletin 4.2-101 Loan Loss Reserve Requirements
    • Repealed October 2, 2012
  • Regulatory Bulletin 4.2-102 Minimum Regulatory Capital Standards
    • Repealed March 29, 2013.  However, all credit unions must adhere to federal capital requirements.
  • Regulatory Bulletin 4.2-103 Residential Mortgage Loan Underwriting
    • Repealed March 29, 2013.
  • Regulatory Bulletin 4.3-101 Adjustable Rate Personal Loans
    • Repealed May 11, 2012

Licensees only repealed Regulatory Bulletins

  • Regulatory Bulletin 5.1-105 Educational Requirements for Mortgage Loan Originators
    • Rescinded effective September 16, 2009
  • Regulatory Bulletin 5.3-101 Fair Lending Policy - Licensed Mortgage Lenders
    • Repealed March 29, 2013 and consolidated into Bulletin 1.3-106 Community Reinvestment and Fair Lending Policy.
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