Section 16. A lender shall not recommend or encourage default on an existing loan or other debt prior to and in connection with the closing or planned closing of a high-cost home mortgage loan that refinances all or any portion of the existing loan or debt.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Title I - Title to Real Property
Chapter 183c - Predatory Home Loan Practices
Section 3 - Certification From Counselor With Third-Party Nonprofit Organization
Section 4 - Obligor's Ability to Make Payments; Presumption
Section 5 - Prepayment Fees and Penalties
Section 6 - Limitation on Financing of Points and Fees
Section 7 - Interest Rate Increases
Section 8 - Limitation on Scheduled Payments
Section 9 - Demand for Repayment
Section 10 - Periodic Payment Schedule
Section 11 - No Fee to Modify or Defer Payment
Section 12 - Consolidation of Payments
Section 13 - Forum for Disputes
Section 14 - Lender's Payment of Contractor
Section 15 - Affirmative Claims and Defenses Available; Applicability
Section 16 - Default in Connection With Refinancing