HOUSE DOCKET, NO. 3189 FILED ON: 2/18/2011 HOUSE . . . . . . . . . . . . . . . No. 3600 The Commonwealth of Massachusetts _________________ PRESENTED BY: Angelo M. Scaccia _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled: The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act relative to home mortgage applications. _______________ PETITION OF: Name: | District/Address: | Angelo M. Scaccia | 14th Suffolk |
HOUSE DOCKET, NO. 3189 FILED ON: 2/18/2011 HOUSE . . . . . . . . . . . . . . . No. 3600 By Mr. Scaccia of Boston, a petition (accompanied by bill, House, No. 3600) of Angelo M. Scaccia for legislation to prohibit the use of consumer credit scores when evaluating applications for mortgage loans. Financial Services. |
The Commonwealth of Massachusetts
An Act relative to home mortgage applications.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Subsection (b) of section 4 of chapter 167E of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following sentence:- Notwithstanding any provision of this section or any general or special law to the contrary, no bank or lending institution doing business in the commonwealth shall use FICO or any other consumer credit scores when evaluating an application for mortgage loans under section 3. |
