Section 14. A premium finance agency shall not, except as otherwise provided by law, take or receive from an insured greater charges than are provided by section one hundred and sixty-two B of chapter one hundred and seventy-five, and the regulations issued thereunder, which charges shall commence as of the date from which the insurance company requires payment of the premium and payment was made to the insurance company for the financed policy, or the effective date of the policy, whichever is earlier.
Structure Massachusetts General Laws
Part III - Courts, Judicial Officers and Proceedings in Civil Cases
Title IV - Certain Writs and Proceedings in Special Cases
Chapter 255c - Insurance Premium Finance Agencies
Section 2 - Necessity of License
Section 4 - Name and Address of Licensee; Posting of License; Change of Location
Section 5 - Revocation or Suspension of License; Grounds; Surrender of License; Effect
Section 8 - Witnesses; Summoning; Examination; Fees
Section 11 - License Fees of Agents or Brokers; Basis; Application; Subsidiaries
Section 12 - Rebates; Prohibition; Effect of Filing of Premium Finance Agreement
Section 13 - Form of Agreement
Section 14 - Excessive Charges
Section 15 - Delinquency, Collection and Cancellation Charges
Section 16 - Prohibited Provisions in Agreements
Section 17 - Payment in Absence of Notice of Assignment
Section 18 - Statement of Payments and Unpaid Amounts; Full Payment by Insured
Section 19 - Payment in Full Before Maturity; Refund