Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 54.00 - Mortgage Lender Community Investment
Section 54.46 - Alternative Examination Procedures
Universal Citation: 209 MA Code of Regs 209.54
Current through Register 1531, September 27, 2024
The Commissioner shall establish alternative examination procedures for mortgage lenders which were rated "outstanding" or "high satisfactory" as of their most recent evaluation. The purpose of such alternative procedures shall be to reduce the cost to mortgage lenders. The alternative procedures shall in no way limit public participation.
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