HOUSE DOCKET, NO. 1087 FILED ON: 2/1/2021
HOUSE . . . . . . . . . . . . . . . No.
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Bruce J. Ayers
_________________
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 adoption of the accompanying bill:
An Act providing mortgage customers additional mandatory information regarding their
accounts.
_______________
PETITION OF:
NAME: DISTRICT/ADDRESS: DATE ADDED:
Bruce J. Ayers 1st Norfolk 2/1/2021
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 HOUSE DOCKET, NO. 1087 FILED ON: 2/1/2021
HOUSE . . . . . . . . . . . . . . . No.
[Pin Slip]
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 902 OF 2019-2020.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Second General Court
(2021-2022)
_______________
An Act providing mortgage customers additional mandatory information regarding their
accounts.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Chapter 167E of the General Laws is hereby amended by inserting after
2 section 16 the following new section:—Section 17. Banks and lending institutions shall issue
3 monthly statements to their mortgage loan customers which includes, but is not limited to, the
4 following information: the balance of principal remaining to be paid; the most current interest
5 rate available for the amount of principal remaining on said loan at the time such mortgage
6 statement is printed; a confirmation of the most recent payment received; and the balance of any
7 escrow accounts and a description of any payments from such escrow accounts.
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