1 of 1
HOUSE DOCKET, NO. 3673 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 1183
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Richard M. Haggerty
_________________
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.
_______________
PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Richard M. Haggerty30th Middlesex1/17/2025 1 of 1
HOUSE DOCKET, NO. 3673 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 1183
By Representative Haggerty of Woburn, a petition (accompanied by bill, House, No. 1183) of
Richard M. Haggerty relative to mortgage licensing fees. Financial Services.
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Fourth General Court
(2025-2026)
_______________
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 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
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.