Code of Massachusetts Regulations
209 CMR - DIVISION OF BANKS AND LOAN AGENCIES
Title 209 CMR 56.00 - Foreclosure prevention options
Section 56.10 - Model Form - Required Documents for Loan Modification Application

[] All Borrowers

[] An application that includes a complete list of monthly income and expenses, and assets, if required by the creditor

[] Provide signed Internal Revenue Service Form 4506-T (Individual Tax Return Transcript Form) or Internal Revenue Service Form 4506T-EZ (Short Form for Individual Tax Return Transcript)

[] Provide copy of most recent federal income tax return, with all schedules including Schedule E, if applicable

[] Provide copy of 2 most recent bank account statements

[] Provide proof of expenses and monthly obligations

[] Provide copy of utility bill showing homeowner name and property address

[] Provide copy of credit card statements showing payments due on all balances

[] Provide copy of mortgage statements for other mortgages on the property, if applicable

[] For people who earn a wage

[] Provide a copy of most recent pay stubs reflecting at least 30 days of year-to-date income of borrower or co-borrower

[] For people who are self-employed

[] Provide a copy of the most recent signed and dated quarterly or year-to-date profit and loss statement

[] For people who receive alimony, child support, or separation maintenance payments

[] Provide documentation of alimony, child support, and/or separation maintenance payments

Notice: Alimony, child support or separation maintenance payments need not be disclosed if you do not choose to have it considered for repaying your mortgage debt.

[] For people who receive income from other sources

[] Provide documentation of tips, commissions, bonuses, housing allowance or overtime; and/or

[] Provide documentation of unemployment income and/or social security income, death benefits, pension, public assistance, or adoption assistance; and/or

[] Provide documentation of income from rental properties, including copy of any lease agreement