Examinations Allow Regulators to Check Up on New Lenders
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SUSHIL TULI
‘A good idea’ |
By Andrea Gregory
With so many mortgage companies in Massachusetts, the state Division of Banks has been feeling a little swamped trying to keep up with regularly scheduled mortgage examinations. And as new companies enter the local lending scene, regulators are concerned about letting them conduct business without being able to check up on them at regular intervals.
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