2017 Massachusetts General Laws
PART II REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS
TITLE I TITLE TO REAL PROPERTY
Chapter 183C PREDATORY HOME LOAN PRACTICES
Section 8 Limitation on scheduled payments

Universal Citation: MA Gen L ch 183C § 8 (2017)

Section 8. A high-cost home mortgage loan shall not contain a scheduled payment that is more than twice as large as the average of earlier scheduled payments. This subsection shall not apply when the payment schedule is adjusted to the seasonal or irregular income of the borrower.

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