Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 49.00 - Insurance Sales by Banks and Credit Unions
Section 49.07 - Penalties and Sanctions
Universal Citation: 209 MA Code of Regs 209.49
Current through Register 1531, September 27, 2024
Any bank or lender that violates the provisions of 209 CMR 49.00, shall be subject to sanctions under M.G.L. c. 167, including, but not limited to, M.G.L c. 167 §§ 2A through 2G, c. 140, and c. 255E. The preceding sanctions are independent from additional sanctions that may be imposed by the Commissioner pursuant to M.G.L. c. 167F, § 2A(c), c. 171, § 75B(c) and by the Division of Insurance under 211 CMR 142.00: Insurance Sales by Banks and Credit Unions.
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