Massachusetts General Laws
Chapter 26 - Department of Banking and Insurance
Section 5a - Small Loans Regulatory Board

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

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 3 - Deputy Commissioner of Banks; Deputy Commissioner and General Counsel; Assistants; Expenses; Bonds

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 7 - Deputies and Assistants in Division of Insurance; Appointments; Duties; Hearings; Appeals to Commissioner

Section 7a - Health Care Access Bureau; Duties; Employees; Assessment Against Carriers

Section 7b - Interdepartmental Service Agreement With Department of Revenue; Limitations on Transfer of Personal Information; Impact of Violations Upon Licensing of Entities to Provide Health Coverage

Section 8a - Board of Appeal on Motor Vehicle Liability Policies and Bonds

Section 8b - Fraudulent Claims Board; Establishment; Membership; Investigative Powers; Accident Reports; Chief of Accident Claims Investigations; Apportionment of Costs; Penalty

Section 8c - Assessments Against Licensed Insurers

Section 8d - Certification and Collection of Assessment

Section 8e - Rating Bureau; Investigations; Assessments; Employees; Medical Malpractice Liability Insurance

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 8h - Assessments; Domestic Insurers; Actuary and Assistant Actuary; Identification of Medical Assistance Recipients

Section 8i - Medical Malpractice Analysis Bureau; Duties; Appointments; Assessments

Section 8j - Maintenance Assessment Against Life Insurers

Section 8k - Enforcement of Federal Mental Health Parity and Addiction Equity Act, Section 511 of Public Law 110–343, and Applicable State Mental Health Parity Laws

Section 8l - Implementation and Enforcement of Patient Protection and Affordable Care Act and Women's Health and Cancer Rights Act of 1998 Regarding Licensed Carriers Pursuant to Chapters 175, 176a, 176b, 176e, 176f and 176g