reglab/housing_qa huggingface dataset:
MA Gen L ch 167 § 2i (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 2i - Compliance With Federal Laws and Regulations

Section 2I. A bank shall comply with the following federal laws and federal regulations subject to the terms and conditions imposed by this section:  (1) the federal Expedited Funds Availability Act, 12 U.S.C. section 4001 et seq., and regulations promulgated thereunder;  (2) the federal Fair Credit Billing Act, 15 U.S.C. sections 1666 to 1666j, inclusive, and the regulations promulgated thereunder;  (3) the federal Electronic Fund Transfer Act, 15 U.S.C. section 1693 et seq., and the regulations promulgated thereunder; provided, however, that the maximum liability of a consumer under 15 U.S.C. section 1693g shall be limited to $50;  (4) a bank shall comply with the regulations of the federal banking agency, of which it is a member or by which its deposits or accounts are insured, that govern the manner of safeguarding the bank's monies and securities and the deposit of its securities or substantially the same subject matter;  (5) a bank shall comply with 12 CFR Part 326, which governs the minimum security devices and procedures and Bank Secrecy Act compliance, and other applicable regulations of a federal banking agency of which the bank is a member or by which its deposits or accounts are insured which regulations govern substantially the same subject matter; and  (6) a bank shall comply with 12 CFR Part 215, which governs loans to executive officers, directors or principal shareholders of a bank, and federal regulations of a federal banking agency of which it is a member or by which its deposits or accounts are insured which regulations govern substantially the same subject matter.  Notwithstanding this section, the commissioner shall retain jurisdiction over a bank to examine, supervise, take enforcement action against and assist consumers in matters relative to compliance with the federal laws or federal regulations enumerated in clauses (1) through (6), inclusive. Nothing in this section shall affect the commissioner's jurisdiction relative to other federal laws or federal regulations. For the purposes of this section, a bank shall mean a savings bank, a co-operative bank or a trust company. A federal bank, a foreign bank and an out-of-state bank shall comply with clause (3).
MA Gen L ch 167 § 2j (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 2j - Confidentiality of Information Provided in Applications Filed With Commissioner

Section 2J. A savings bank, co-operative bank or trust company, federal bank, out-of-state bank, foreign bank or limited purpose trust company may request that specific information in any application filed with the commissioner be treated as confidential. The following information shall be eligible for confidential treatment: (i) personal information, the release of which would constitute a clearly unwarranted invasion of privacy; (ii) commercial or financial information, the disclosure of which could result in substantial competitive harm to the submitter; and (iii) information, the disclosure of which could seriously affect the financial condition of any such bank. The commissioner may determine that certain information should be treated as confidential and withhold that information from the public file.  If any such bank requests confidential treatment for information that the commissioner determines is not eligible for confidential treatment, the commissioner may include that information in the public file after notifying the bank.
MA Gen L ch 167 § 3 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 3 - Meetings of Board of Directors or Board of Trustees of Bank; Reports on Bank Examinations; Records; Certificates

Section 3. Whenever the commissioner deems it expedient, he may cause a meeting of the board of directors or board of trustees of a bank to be held in such manner and at such time and place as he may direct. Any report of an examination of the affairs of such bank under section two, any conclusions drawn therefrom by the commissioner and any directions or recommendations made by him relative thereto and any other matters concerning the operation or condition of such bank, may be presented to such board by the commissioner in person or by such assistant as he may designate, and the person having custody of the records of such bank, hereinafter referred to as the recording officer, shall forthwith incorporate such directions and recommendations in the records of such meeting. Each director or trustee of such bank who is present at such meeting shall forthwith sign a certificate or other acknowledgment in such form as may be prescribed by the commissioner, that he has heard the directions and recommendations of the commissioner or read the records containing the same. The recording officer of such bank shall, within seven days after the date of such meeting, transmit to the commissioner the said certificates or other forms of acknowledgment, signed as aforesaid, together with an attested copy of the records of such meeting. The recording officer shall also, within such period, mail, by registered mail, an attested copy of the records of such meeting and a blank form for said certificate or other form of acknowledgment, to each director or trustee, unless excused by the commissioner for physical or mental incapacity or absence from the commonwealth, who, in turn, shall sign and return to the recording officer such certificate or other form of acknowledgment. The commissioner may make rules and regulations relative to the filing of such certificates or other form of acknowledgment by absent directors or trustees and relative to their transmission to him. The commissioner may require a monthly report from the recording officer relative to the execution of and compliance with the directions, recommendations or orders set forth at such meeting. The superior court shall have jurisdiction in equity to enforce any lawful order made by the commissioner under the provisions of this section upon application by said commissioner.
MA Gen L ch 167 § 4 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 4 - Summoning and Examination of Bank Officers

Section 4. The commissioner, or his examiners or such others of his assistants as he may designate, may summon the trustees, officers or agents of a bank, or any other witnesses, and examine them relative to the affairs, transactions and condition of the bank, and, for that purpose, may administer oaths. Whoever, without justifiable cause, refuses to appear and testify when so required or obstructs the person making such examination in the performance of his duty, shall be punished by a fine of not more than one thousand dollars or by imprisonment for not more than one year.
MA Gen L ch 167 § 5 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 5 - Request for Bank Examination

Section 5. Upon written application on oath to the commissioner by five or more officers, trustees, creditors or depositors of a bank setting forth their interest and the reasons for making an examination and requesting him to examine such bank, he shall forthwith make a full investigation of its affairs in the manner provided in the preceding sections.
MA Gen L ch 167 § 6 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 6 - Manner and Form of Books and Accounts; Manner of Safeguard and Deposit of Money and Securities

Section 6. The commissioner may prescribe the manner and form of keeping the books and accounts of a bank and the extent to which they shall be audited. For a credit union, the commissioner may prescribe the manner of safeguarding its money and securities and may promulgate regulations under which a credit union may deposit its securities with savings banks, co-operative banks, trust companies or banking associations for safekeeping.
MA Gen L ch 167 § 6a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 6a - Copies of Agreements Concerning Federal Reserve Regulations and Operating Letters, Clearing House Rules, etc.; Rules and Regulations

Section 6A. Any bank, as defined in section one, or a national banking association, federal savings and loan association or federal credit union authorized to do business in the commonwealth, shall make available copies of all agreements as referred to in subsection (2) of 4–103 of chapter one hundred and six.  The commissioner shall establish such rules and regulations as he deems necessary to carry out the purposes of this section.
MA Gen L ch 167 § 7 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 7 - Statements and Reports Required by Commissioner or by Law

Section 7. In addition to the reports required by law, banks shall make such other statements and reports to the commissioner as he may require. The commissioner shall furnish blank forms for all statements or reports required to be made to him. Any bank neglecting to make the returns required by law or by the commissioner, or failing to amend such report within fifteen days after notice from him, shall, unless such neglect or failure is due to justifiable cause and not due to wilful neglect, forfeit to the commonwealth, five dollars for each day during which such neglect continues, to be recovered by an information in equity in the name of the attorney general at the relation of the commissioner, brought in the supreme judicial court for Suffolk county.
MA Gen L ch 167 § 8 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 8 - Failure to Make or Amend Return, Statement or Report

Section 8. An officer of any bank who, for fifteen days after notice by the commissioner, fails to make any return, statement or report required by law or by the commissioner, or fails to amend such a return, statement or report if lawfully required by the commissioner, shall be punished by a fine of not more than one thousand dollars or by imprisonment for not more than one year, or both.
MA Gen L ch 167 § 9 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 9 - Destruction or Disposal of Records, etc.; Payment of Proceeds

Section 9. Returns to the commissioner under section twenty-two A of chapter one hundred and seventy-two, records of examinations of banks made under section two of this chapter, certificates or other form of acknowledgment filed with the commissioner under section three of this chapter, reports made under section twenty-six of chapter one hundred and sixty-eight, and reports made under section eighteen of chapter one hundred and seventy, may, after six years from the date of their receipt, be destroyed or disposed of by order of their lawful custodian with the approval of the commissioner, and any proceeds received in the course of their disposal shall be paid to the commonwealth; provided, however, that if the commissioner shall have received actual notice, in writing, of any pending judicial proceeding in which such returns, records, certificates or other form of acknowledgment or reports are to be offered as evidence thereat, such returns, records, certificates, or other form of acknowledgment or reports shall not be destroyed or disposed of until after the final determination of such judicial proceeding.
MA Gen L ch 167 § 10 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 10 - Reports of Fraud, Embezzlement or Misconduct by Bank Officers or Employees

Section 10. Any violation of sections fifty-two to fifty-three A, inclusive, of chapter two hundred and sixty-six shall be reported, in writing, within a reasonable time after discovery, to the commissioner and to the district attorney of the district in which the bank does business, by the president and treasurer of the bank in, or with respect to which, such violation occurs or, in the absence of either of said officers, by the officer performing the duties of such office.
MA Gen L ch 167 § 11 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 11 - Shortages in Funds; Reports; Fine

Section 11. Any shortage of five thousand dollars or more in a bank shall, within forty-eight hours of discovery thereof by an officer of the bank in or with respect to which such shortage occurs, be reported in writing to the commissioner by the president and treasurer of the bank in which the shortage occurs, or in the absence of either of said officers by the officer performing the duties of such office.  Any person who wilfully violates the provisions of this section or section ten shall be guilty of a misdemeanor and shall be punished by a fine of not less than two hundred or more than one thousand dollars.
MA Gen L ch 167 § 12a (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 12a - Criminal Charges Against Bank Officers; Suspension or Removal From Office

Section 12A. Whenever any officer of a bank, including a director or trustee, or other person participating in the conduct of the affairs of such bank, is charged in any information, indictment or complaint with the commission or participation in a crime involving a breach of trust which is punishable by imprisonment for a term exceeding one year under state or federal law, the commissioner may, if in his opinion continued service or participation by the individual may pose a threat to the interests of the bank's depositors or may threaten to impair public confidence in the bank, by written notice served upon such individual, suspend him from office or prohibit him from further participation in any manner in the conduct of the affairs of the bank. A copy of such notice shall be served upon the bank. Such suspension or prohibition shall remain in effect until such information, indictment or complaint is finally disposed of or until terminated by the commissioner. In the event that a judgment of conviction with respect to such crime is entered against such officer or other person, and at such time as such judgment is not subject to further appellate review, the commissioner may, if he deems that continued service or participation by the individual may pose a threat to the interest of the bank's depositors or may threaten to impair public confidence in the bank, issue and serve upon such officer or other person, an order removing him from office or prohibiting him from further participation in any manner in the conduct of the affairs of the bank without the consent of the commissioner. A copy of such order shall also be served upon such bank whereupon such officer shall cease to be an officer of such bank. A finding of not guilty or other disposition of the charge shall not preclude the commissioner from thereafter instituting proceedings to remove such officer or other person from office or to prohibit further participation in bank affairs, pursuant to section twelve.
MA Gen L ch 167 § 13 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 13 - Annual Reports

Section 13. All annual reports submitted to the commissioner by banks shall be on a form which he shall prescribe. Each report shall contain a declaration signed by the president, or by an officer designated by the board of directors or trustees of the bank to make the declaration, that the report is true and correct to the best of his knowledge and belief. The correctness of the report shall be attested by the signatures of at least 3 directors or trustees of the bank, other than the officer making the declaration, with the declaration that the report has been examined by them and to the best of their knowledge and belief is true and correct.  Annually, on or before July 1, the commissioner shall make a report to the general court containing aggregate statements of the condition, as of the preceding December, of all savings banks, co-operative banks, savings and loan associations, credit unions, trust companies, and, private, foreign, or other banks under his supervision, with other information relative to the affairs of the banks as the commissioner considers to be in the public interest.  The reports required by this section shall be printed and shall include the locations of the main offices and branches, the names of the operating officers and directors or trustees of each bank, and such suggestions as the commissioner considers expedient relative to the general conduct and condition of banks under his supervision. Such report shall include a list of banks where the call provided for in section 38 of this chapter and in section 4 of chapter 167A exceeds the amount loaned to the Massachusetts Housing Partnership Fund pursuant thereto.
MA Gen L ch 167 § 15 (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 15 - Annual List to Investment Committee of Banks Meeting Local Community Needs

Section 15. The commissioner of banks shall annually prepare and submit a list to the investment committee established under the provisions of section twenty-three of chapter thirty-two and the state treasurer which indicates those banks, as defined in section one, which have satisfied their continuing and affirmative obligations to help meet the needs of the local communities in which they are chartered, including low and moderate-income neighborhoods, as set forth in section fourteen.  Only mortgage lenders so listed shall be eligible to sell or participate in the sale of mortgage pass-through securities or mortgage-backed bonds to public employee retirement systems. Only banks so listed shall be eligible to receive deposits under the provisions of section thirty-four or thirty-four A of chapter twenty-nine.  The commissioner of banks shall also prepare and submit annually to said investment committee and the state treasurer a list, based on information received from the appropriate federal agency, which indicates those federal savings and loan associations and national banking associations which have been determined by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, or the Office of the Comptroller of the Currency to have complied with the requirements of the Federal Community Reinvestment Act, sections 802 et seq., of Title VIII of P.L. 95–128, and regulations promulgated thereunder. Only those associations so listed shall be eligible to sell such securities or bonds to such systems, and to receive deposits under the provisions of section thirty-four or thirty-four A of chapter twenty-nine.
MA Gen L ch 167 § 15d (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 15d - Classes of Bonds, Notes or Other Interest-Bearing Municipal Obligations in Which Entity May Invest

Section 15D. An entity authorized to invest pursuant to section 15A or the legal list may invest in bond, notes or other interest-bearing obligations of the following classes:  (i) legally issued or assumed bonds, notes or other interest-bearing obligations of a county, city, town or legally established district of the commonwealth; and  (ii) legally issued or assumed bonds, notes or other interest-bearing obligations of a county, city, town or legally established district outside of the commonwealth; provided, however, that this clause shall not authorize investments in obligations of any city or town outside of the commonwealth which have been in default for more than 120 days in the payment of any part of principal and interest of all bonds, notes or other interest-bearing obligations legal for investment under this section.  The full faith and credit of the county, city, town or district shall be pledged for the full payment of principal and interest of all bonds, notes or other interest bearing obligations legal for investment under this section.
MA Gen L ch 167 § 15e (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 15e - Investment in Bonds, Notes or Other Interest-Bearing Obligations of Railroad Corporations

Section 15E. (a) An entity that may invest pursuant to section 15A or the legal list may invest in bonds, notes or other interest-bearing obligations of railroad corporations subject to the conditions, limitations and requirements of this section.  (b) With respect to bonds, the obligations shall be those of a railroad incorporated in the United States or any state doing business principally within the United States and shall contain an unconditional promise to pay the interest on the bonds regularly and to pay the principal at a specified date. This promise may be modified, if at all, only by a vote of holders of at least 75 per cent in amount of the bonds.  Not more than 20 per cent of the assets of the entity shall be invested in the railroad obligations.  (c) Investments in railroad equipment obligations shall be those of, or guaranteed by, a railroad incorporated in the United States or any state and which is doing business principally within the United States.
MA Gen L ch 167 § 15f (2021)
2021 Massachusetts General Laws|Part I - Administration of the Government|Title XXII - Corporations|Chapter 167 - Supervision of Banks|Section 15f - Investment in Bonds of Company Engaged in the Business of Furnishing Telephone Service

Section 15F. (a) As used in sections 15F and 15G, ''bond'' shall include a note or debenture.  (b) An entity that may invest pursuant to section 15A or the legal list may invest in the bonds of any company which at the time of the investment is incorporated under the laws of the United States or any state and may engage and is engaging in the business of furnishing telephone service in the United States, subject to the following: (i) the bonds shall be part of an original issue of not less than $25,000,000 in principal amount when the company is not incorporated in the commonwealth; and (ii) not more than 20 per cent of the assets of the entity shall be invested in the bonds of telephone companies.