2006 Massachusetts Code – Section 171 — Part 59. Unsecured loans; limits and you can limitations
A loan covered by satisfactory equity as established in subparagraph (3) of your third paragraph are payable within this sixty weeks from the big date of mention
Financing shielded by the offers otherwise by sufficient equity of one’s particular established according to the provisions out-of subparagraph (2) of 3rd section, tends to be payable in one hundred or so and twenty weeks regarding big date of one’s mention. Every such as for example funds are going to be paid down or restored into the otherwise ahead of brand new deadline.
For each unsecured personal loan might be payable contained in this 40-seven weeks regarding the time of one’s notice
The maximum amount of financing or funds designed to a beneficial associate in excess of his shares and deposits plus excessive of shares and you can dumps of your own co-creator, if any, pledged to help you secure the same, is going to be limited below besides in which satisfactory collateral are sworn, even more loans are generated within the conditions of subparagraphs (1), (2) and you may (3) just like the established hereunder:
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