An Act relative to mortgage licensing in Massachusetts

This bill updates Massachusetts mortgage licensing laws by establishing new annual fees for mortgage loan originators. It requires the Secretary of Administration to set these fees yearly, ensuring at least $500 for out-of-state corporations and $300 for those based in the state, while exempting community development corporations. Additionally, the bill mandates that all licenses expire annually, requiring each licensee to submit a signed renewal application with required information before a date set by the commissioner.