Section 67 Reverse mortgage loan prohibition - Massachusetts Statutes

Section 67. No mortgagee shall make a reverse mortgage loan on residential property except in accordance with the provisions of paragraph 14A of subsection B of section two of chapter one hundred and sixty-seven E. For the purposes of this section, the term “residential property” shall mean a one-to-four family dwelling owned and occupied in whole or in part by the mortgagor and located in the commonwealth.