Massachusetts Statutes

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.

Section 1. The following terms as used in this chapter shall, unless a different meaning clearly appears from the context, have the following meanings: (a) ''Junk'', old or scrap copper, brass, rope, rags, batteries, paper, trash, rubber debris, waste, or junked, dismantled, or w…

Section 10. In order to carry out the purposes and provisions of this chapter and of Title II of the Federal Highway Beautification Act of 1965, the department may expend any funds made available for the laying out, construction, reconstruction, resurfacing, relocation or improve…

Section 2. No person shall establish, operate or maintain a junkyard, any portion of which is within one thousand feet of the nearest edge of the right-of-way of any interstate or primary highway, unless such junkyard is: (a) screened by natural objects, plantings, fences, or oth…

Section 3. The department may promulgate such rules and regulations governing the location, planting, construction and maintenance of the screens or fences, including the materials used in screening or fencing, as may be required by this chapter.

Section 4. If the department determines that the topography of the area adjoining the highway does not permit adequate screening of such junkyards or that the screening of such junkyards is not economically feasible, it may acquire by purchase or otherwise or take by eminent doma…

Section 5. The administrator, or an agent authorized by him, may at any time enter upon any premises used by any person licensed to carry on business under section fifty-four or fifty-nine of chapter one hundred and forty to ascertain if such person is conducting said business in…

Section 6. A licensee under section fifty-four or fifty-nine of chapter one hundred and forty, or any other person in charge of the licensed premises, who refuses to allow the administrator or his authorized agent to enter said premises, or any person who wilfully hinders, obstru…

Section 7. Any junkyard which does not conform to the requirements of this chapter shall be deemed a nuisance and the department may make application to the superior court for the county in which such junkyard is established or maintained for an injunction to abate such nuisances…

Section 8. No person shall operate or maintain a junkyard in violation of the provisions of this chapter. The state police and the police of the cities and towns shall enforce this chapter. Any person violating any provision of this chapter the punishment for which is not otherwi…

Section 9. The department is hereby authorized to enter into agreements with the Secretary of Commerce of the United States as provided by Title 23, United States Code, relative to the control of junkyards in areas adjacent to the interstate and primary systems, and to take actio…

Section 1. For the purpose of this chapter, the following words shall, unless the context indicates otherwise, have the following meanings: ''Accepted credit card'', any credit card which the cardholder has requested and received or has signed or has used, or authorized another t…

Section 10. (a) Except as otherwise provided in this section, in the case of any consumer credit transaction, including opening or increasing the credit limit for an open-end-credit plan, in which a security interest, including any such interest arising by operation of law, is or…

Section 11. (a) Before opening any account under an open end consumer credit plan, the creditor shall disclose to the person to whom credit is to be extended each of the following items, to the extent applicable: (1) The conditions under which a finance charge may be imposed, inc…

Section 12. (a) For each consumer credit transaction other than under an open-end-credit plan, the creditor shall disclose each of the following items, to the extent applicable: (1) The identity of the creditor required to make disclosure. (2)(A) The ''amount financed'', using th…

Section 14. (a) For the purposes of this chapter, or rules or regulations issued thereunder, a catalog or other multiple-page advertisement shall be considered a single advertisement if it clearly and conspicuously displays a credit terms table on which the information required t…

Section 15. (a) Except as provided in subsection (b), this section applies to any advertisement to aid, promote, or assist directly or indirectly any consumer credit sale, loan, or other extension of credit subject to the provisions of this chapter, other than an open-end-credit …

Section 15A. Any application form or pre-approved written solicitation for an open-end credit plan and any printed advertisement which contains such application form or pre-approved written solicitation which is mailed or distributed on or after July first, nineteen hundred and e…

Section 16. There shall be no liability under this chapter on the part of any owner or personnel, as such, of any medium in which an advertisement appears or through which it is disseminated.

Section 17. In responding orally to any inquiry about the cost of credit, a creditor, regardless of the method used to compute finance charges, shall state rates only in terms of the annual percentage rate, except that in the case of an open-end-credit plan, the periodic rate als…

Section 18. The use of model disclosure forms and clauses for common transactions to facilitate compliance with the disclosure requirements and to aid and assist the borrower in understanding the transaction by utilizing readily understandable language to simplify the technical n…

Section 19. (a) The creditor shall mail or deliver to the customer the statement or statements required by subsection (b) of section eleven for each billing cycle at least 14 days before the end of the next succeeding billing cycle or the payment due date, whichever is earlier. I…

Section 2. This chapter shall not apply to the following: (a) Credit transactions involving extensions of credit primarily for business, commercial, or agricultural purposes, or to government or governmental agencies or instrumentalities, or to organizations. (b) Transactions in …

Section 20. If a finance charge is imposed under an open-end credit plan on balances resulting from the sale of goods or services at retail made in reliance on a credit card, the finance charge applicable to said balances for any cycle shall be computed on (i) the previous balanc…

Section 21. A person issuing a credit card shall not apply any funds of the cardholder held for any purpose by the issuer of the card in order to satisfy a debt arising from the use of such credit card unless such action was previously authorized by the cardholder in a separately…

Section 22. Whenever a credit balance equal to or in excess of one dollar is created in connection with a consumer credit transaction through (1) transmittal of funds to a creditor in excess of the total balance due on an account, (2) rebates of unearned finance charges or insura…

Section 23. No bank or credit union shall transfer any funds held in any account of the customer in said bank or credit union as a consequence of a default of a debt owed to such institution unless the customer has been provided a written notice, prior to the time the loan is mad…

Section 24. No person who executes a guaranty of the obligations of another in connection with an application by such other person for an open-end-credit plan or for an extension of credit other than an open-end-credit plan shall be liable as a result of such guaranty for an obli…

Section 25. No credit card shall be issued except in response to a request or application therefor, or the issuance of a credit card in renewal of, or in substitution for, an accepted credit card.

Section 26. (a)(1) A cardholder shall be liable for the unauthorized use of a credit card only if: (A) The card is an accepted credit card; (B) The liability is not in excess of fifty dollars; (C) The card issuer gives adequate notice to the cardholder of the potential liability;…