Section 5A. There shall be in the division but not subject to its control a board to be known as the small loans regulatory board, hereinafter called the board, to consist of the board of bank incorporation and two persons to be appointed by the governor with the advice and consent of the council, one of whom shall be a representative of organized labor. The terms of said two appointees of the governor shall run concurrently with the term of the governor. Members of the board, except elective or appointive officials of the state, shall be paid thirty-one dollars and seventy-five cents and expenses for each day spent in the performance of their duties, which, in the first instance, shall be paid by the commonwealth, but which shall be assessed against and collected from licensees under sections ninety-six to one hundred and thirteen, inclusive, of chapter one hundred and forty in proportion to the amount of loans coming within the purview of said sections which are shown as accounts receivable in the latest annual report filed with the commissioner by such licensees.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title II - Executive and Administrative Officers of the Commonwealth
Chapter 26 - Department of Banking and Insurance
Section 2 - Commissioner of Banks
Section 3a - Consumer Assistance Unit
Section 4 - Supervisor of Loan Agencies
Section 5 - Board of Bank Incorporation
Section 5a - Small Loans Regulatory Board
Section 6 - Commissioner of Insurance
Section 7a - Health Care Access Bureau; Duties; Employees; Assessment Against Carriers
Section 8a - Board of Appeal on Motor Vehicle Liability Policies and Bonds
Section 8c - Assessments Against Licensed Insurers
Section 8d - Certification and Collection of Assessment
Section 8f - Assessments by Insurance Companies; Amount; Annual Estimates of Earned Car Years
Section 8g - Auto Damage Appraiser Licensing Board; Appraisers; Licensing; Damage Reports; Seal
Section 8i - Medical Malpractice Analysis Bureau; Duties; Appointments; Assessments