This is not the official budget document.

Budget Summary FY2009

Division of Banks
Data Current as of:  6/22/2009

Web Site:

Organization Chart


The mission of the Division of Banks is to advance the public interest with the highest level of integrity and innovation by ensuring a sound, competitive, and accessible banking and financial services environment.

Governing Laws:


MGL C. 26 S. 1-5A
Enabling Legislation
MGL C. 93 S. 24-28
Debt Collectors/Licensing, Including Third-Party Loan Servicing
MGL C. 167 S. 1-48
Supervision of Banks
MGL C. 167A S. 1-7
Examination of Bank Holding Companies
MGL C. 167B S. 1-24
Electronic Funds Transfer
MGL C. 167C S. 1-9
Banking and Branch Office Locations
MGL C. 167D S. 1-36
Bank Deposits and Accounts
MGL C. 167E S. 1-8
Bank Mortgages and Loans
MGL C. 167F S. 1-9
Bank Investments and Powers
MGL C. 167F S. 4
Regulation of Check Sellers/Licensing
MGL C. 167G S. 1-9
Bank Trust Departments
MGL C. 167H S. 1-11
Mutual holding Companies
MGL C. 168 S. 1-44
Savings Banks
MGL C. 169 S. 1-14
Foreign Transmittal Agencies/Licensing
MGL C. 169A S. 1-13
Check Cashers/Licensing
MGL C. 170 S. 1-35
Co-operative Banks
MGL C. 171 S. 1-84
Credit Unions
MGL C. 172 S. 1-39
Trust Companies/Commercial Banks
MGL C. 140 S. 96-114A
Small Loans/Licensing
MGL C. 140D S. 1-34
Consumer Credit Cost Disclosure/Truth-in-Lending
MGL C. 140E S. 1-4
MGL C. 183C S. 1-19
Predatory Home Loan Practices
MGL C. 255B S. 1-25
Retail Installment Sales of Motor Vehicles/Licensing
MGL C. 255C S. 1-23
Insurance Premium Financing/Licensing
MGL C. 255D S. 1-32
Retail Installment Sales and Services/Licensing
MGL C. 255E S. 1-12
Mortgage Lenders and Mortgage Brokers/Licensing
MGL C. 255F S. 1-15
Mortgage Loan Originators/Licensing