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Code · Massachusetts · Part II — REAL AND PERSONAL PROPERTY AND DOMESTIC RELATIONS · Title I — THE GENERAL LAWS, AND EXPRESS REPEAL OF CERTAIN ACTS AND RESOLVES · Chapter 183C

Section 8: Limitation on scheduled payments

47 words·~1 min read·/ma/part-ii/title-i/chapter-183c/8·

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Section 8. A high-cost home mortgage loan shall not contain a scheduled payment that is more than twice as large as the average of earlier scheduled payments. This subsection shall not apply when the payment schedule is adjusted to the seasonal or irregular income of the borrower.
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