Before you make that home loan to a customer, a friend or a family member, register a mortgage against the property with a mortgage form for Massachusetts.

The Office of Consumer Affairs & Business Regulation (OCABR) oversees licensing of mortgage brokers and lenders in the Commonwealth of Massachusetts. Lenders and brokers are not required to have a physical office location within the state.

A license is not required for anyone making or originating fewer than 5 mortgage loans in any consecutive 12-month period. However, unlicensed persons or firms are still subject to other laws governing mortgage loans, and consumer protection laws and regulations.

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Massachusetts Contract for Deed

This Massachusetts Contract for Deed form offers buyers and sellers an alternative to traditional mortgage financing for the purchase of a residential property.

  • The seller basically takes on the role of the mortgage lender, and the buyer makes monthly payments against the purchase price.
  • Interest accrues on the unpaid balance.
  • If the buyer defaults in making payments or in performing its other obligations under the contract, the seller must serve notice of t.....

Massachusetts Residential Mortgage

Secure a home loan for a Massachusetts real estate property with this standard form Residential Mortgage template.

  • The Mortgage contains all the uniform standard covenants and provisions required under U.S. federal mortgage lending laws.
  • The form also includes non-uniform provisions in accordance with Massachusetts law, such as statutory power of sale on default by the borrower.
  • The borrower waives all homestead exemptions and dower rights in the property.