Pursuant to Chapter 194 of the Acts of 2012, Section 35B of Chapter 244 has requirements for creditors holding “certain mortgage loans.” Chapter 194 defines "certain mortgage loans." Section 35B requires creditors to notify borrowers of their rights to pursue a modified mortgage loan. The notice must include the appropriate contact information for modification assistance at the Office of the Attorney General.
In addition, a copy of the notice must be filed with the Attorney General. See M.G.L. chapter 244, §35B. Creditors should submit the required notices electronically, as detailed on this form. The notices should be submitted concurrently but must be submitted within 30 days of being mailed to the borrower.