Chapter 140

Section 85. The provisions of sections eighty-six to one hundred and twelve, inclusive, shall not apply to licensed pawnbrokers.

Section 86. Every person who is engaged in the business of making loans on collateral security represented by household goods, wearing apparel, watches, diamonds, jewelry or other articles of personal use or ornament, or on notes secured by pledge or mortgage of any such property…

Section 87. Said book shall at all times be open to the inspection of the police commissioner and of the superintendent and chief inspector of police of Boston, of the colonel of the state police, and of the chief of police and selectmen of their respective cities or towns, or of…

Section 88. If it appears to any of the officers mentioned in the preceding section that any articles which have been pledged under section eighty-six have been stolen, he may give written notice to the pledgee to hold such articles, and they shall thereafter be held by the pledg…

Section 89. Every person engaged in the business mentioned in section eighty-six, his agent or other person in charge thereof, who fails or refuses to allow the inspection of the book, or who wilfully hinders, obstructs or prevents said officers from inspecting the book or examin…

Section 9. If, in the opinion of the licensing authorities, a licensee as an innholder or a common victualler ceases to be engaged in the business he is licensed to pursue, or fails to maintain upon his premises the implements and facilities required by this chapter, they shall i…

Section 90. A loan of less than one thousand dollars made at a rate of more than six per cent per annum shall be discharged upon payment or tender by the debtor of the principal sum actually borrowed, with interest for the period between the borrowing of said money and the paymen…

Section 90A. No person shall directly or indirectly charge, take or receive for a loan of more than fifteen hundred dollars secured wholly or partially by a mortgage of real estate having an assessed value of not over forty thousand dollars, having thereon a dwelling house with a…

Section 90B. A transaction subject to the provisions of section ninety A shall also be subject to the provisions of chapter one hundred and forty D. A lender subject to the provisions of said section ninety A shall also be subject to the provisions of said chapter one hundred and…

Section 90C. Upon payment of any money by the borrower, the lender shall at the request of the borrower give him a receipt stating the date of payment, the amount paid, the amount applicable to interest on the loan and the amount applicable to the principal. Such receipt shall be…

Section 90D. Any loan made in violation of section ninety A by any person shall be discharged upon payment or tender by the debtor or any person succeeding to his interest in such real estate of the principal sum actually borrowed with interest for the period between the borrowin…

Section 90E. Whoever directly or indirectly charges, takes or receives for any loan which is subject to the provisions of section ninety A a greater rate of interest than is allowed by said section shall be punished by a fine of not more than one thousand dollars, or by imprisonm…

Section 91. If a loan of less than one thousand dollars is secured by a mortgage or pledge of personal property, the mortgagee or pledgee shall discharge such mortgage and restore such pledge upon payment or tender to him of the amount legally due under the preceding section, and…

Section 94. Whoever refuses or neglects, after request, to return a note or other evidence of a loan which is discharged or entitled to be discharged under section ninety, or to discharge a mortgage or to restore the property held as a pledge as provided in section ninety-one, sh…

Section 95. Sections ninety to ninety-four, inclusive, shall not apply to any loan of fifteen hundred dollars or less made by a person who holds a license under sections ninety-six to one hundred and thirteen, inclusive, or by an institution specified in section one hundred and f…

Section 96. No person shall directly or indirectly engage in the business of making loans of six thousand dollars or less, if the amount to be paid on any such loan for interest and expenses exceeds in the aggregate an amount equivalent to twelve per cent per annum upon the sum l…

Section 96A. No security, as defined in clause (k) of section four hundred and one of chapter one hundred and ten A, issued by a person licensed under section ninety-six shall be sold or advertised for sale to the public without a permit issued by the commissioner and subject to …

Section 97. The commissioner may prescribe from time to time such rules and regulations as he deems necessary and proper for carrying out the provisions of sections ninety-six to one hundred and fourteen, inclusive, relative to the business carried on by licensees and by loan com…

Section 98. Each person required by sections ninety-six to one hundred and fourteen, inclusive, to be under the supervision of the commissioner shall annually, on or before a date to be determined by the commissioner, file a report with said commissioner containing such informati…

Section 99. The commissioner may summon said licensees, companies or associations, or any of their agents or employees, and such other witnesses as he deems necessary, and examine them relative to their transactions and to the condition of their business, and for that purpose may…

Section 9A. Nothing in sections two to nine, inclusive, shall be construed to require a common victualler to keep his premises open for business throughout the entire year.