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HOUSE DOCKET, NO. 1425 FILED ON: 1/18/2023
HOUSE . . . . . . . . . . . . . . . No. 1076
The Commonwealth of Massachusetts
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PRESENTED BY:
John J. Lawn, Jr.
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to mortgage licensing in Massachusetts.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:John J. Lawn, Jr.10th Middlesex1/18/2023Smitty Pignatelli3rd Berkshire1/31/2023Vanna Howard17th Middlesex2/2/2023 1 of 2
HOUSE DOCKET, NO. 1425 FILED ON: 1/18/2023
HOUSE . . . . . . . . . . . . . . . No. 1076
By Representative Lawn of Watertown, a petition (accompanied by bill, House, No. 1076) of
John J. Lawn, Jr., Smitty Pignatelli and Vanna Howard relative to mortgage licensing fees.
Financial Services.
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 1142 OF 2021-2022.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act relative to mortgage licensing in Massachusetts.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Chapter 206, Acts of 2007, Section 15, ยง 6, is hereby replaced by the following:
2 Section 6. Each application for a license shall be accompanied by an investigation fee.
3Investigation and license fees shall be determined annually by the secretary of administration
4under section 3B of chapter 7 provided that such total annual fees shall be not less than $500 for
5licensees of non-Massachusetts Corporations and not less than $300 for licensees of
6Corporations headquartered within the Commonwealth of Massachusetts; provided further, that
7such investigation and license fees shall not apply to any community development corporation as
8defined in section 1 of chapter 40F and organized under the General Laws. The license of a
9mortgage loan originator shall expire annually. Each licensee, shall annually, on or before a date
10to be determined by the commissioner, submit a license renewal application. The license renewal 2 of 2
11application shall be on a form prescribed by the commissioner, signed under the pains and
12penalties of perjury, containing such information as the commissioner may require.