Cornerstone received a note from the Chief Director for Mortgage Examinations this week, including regulatory updates for Massachusetts. The information received contained the following message:
One of the key objectives for the Division of Banks is to complete a comprehensive review of all Regulatory Bulletins to determine opportunities to reduce unnecessary regulatory burden by streamlining, updating, or repealing requirements wherever possible. Please find a brief description of the changes made during this round of review, here.
Massachusetts Division of Banks
If you have questions, please contact your Cornerstone Support Licensing Specialist.