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9 sections in this chapter.
Mass. Gen. Laws ch. 167E, § 1 Definitions
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Section 1. As used in this chapter, the following words, shall unless the context otherwise requires, have the following meanings:— ''Bank'', a savings bank, co-operative bank, or trust company subject to the supervision of the commissioner of banks. ''Capital'', (1) the sum of t…
Mass. Gen. Laws ch. 167E, § 2 Powers
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Section 2. Every bank, subject to limitations imposed by this chapter or other General Laws, shall have the following powers and whatever further incidental or complementary powers that may fairly be implied from those expressly conferred and such as are reasonably necessary to e…
Mass. Gen. Laws ch. 167E, § 3 First mortgage real estate loans; classes
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Section 3. (a) A bank may make or acquire loans and mortgage loans. (b) For purposes of this chapter, the term ''mortgage loan'' shall mean a loan, line of credit, letter of credit or borrowing secured primarily by a lien on an interest in real estate. The following categories of…
Mass. Gen. Laws ch. 167E, § 4 Loan policies
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Section 4. (a) Each bank shall adopt and maintain comprehensive written loan policies that establish appropriate limits and standards for extensions of credit under section 3 that are consistent with safe and sound banking practices and are appropriate to the size, nature and sco…
