An Act relative to mortgage licensing in Massachusetts

This bill updates Massachusetts mortgage licensing fees and renewal requirements. It sets annual investigation and license fees at $500 for non-Massachusetts corporations and $300 for Massachusetts-based corporations, with exemptions for community development corporations under Chapter 40F. All mortgage licensees must submit annual renewal applications by a commissioner-determined date, including sworn statements with required information. The changes directly affect mortgage lenders and originators seeking or holding licenses in Massachusetts. The bill modifies existing licensing procedures without altering substantive mortgage lending standards.