Massachusetts

The relevant statute is Mass. Gen. L. ch. 176D §4.

A. Actions lender may take: No express statutory provision.

B. Notices required: No express statutory provision.

C. Coverage required: No express statutory provision.

D. Charges permitted: Mass. Gen. L. ch. 176D §4(c) - Lenders may not require that any borrower, insurer or agent pay a separate charge to substitute the insurance policy of one insurer for that of another.

E. Finance charge allowed on lender's payment: Mass. Gen. L. ch. 176D §4(c) - Interest on premium advancements made in accordance with a security instrument is permitted.

Click here to view relevant Massachusetts Code and Regulations.