An Act establishing uniform enforcement and confidentiality provisions relative to certain licensees under the jurisdiction of the Division of Banks

This bill amends Massachusetts banking regulations to include "registrants" alongside "licensees" under the Division of Banks' oversight. It directly affects debt collectors, third-party loan servicers, and financial service providers required to register or license with the Division. Key provisions establish penalties up to $5,000 per violation (capped at $100,000 total) for regulatory breaches and create new prohibitions for individuals violating rules, including bans on employment in licensed businesses. The bill also adds confidentiality protections for examination records, ensuring investigation files remain non-public and exempt from disclosure requests.