General Laws of Massachusetts (Last Updated: January 16, 2020) |
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
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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.