An Act establishing uniform enforcement and confidentiality provisions relative to certain licensees under the jurisdiction of the Division of Banks

This bill amends Massachusetts banking laws to extend enforcement powers and confidentiality rules to registrants alongside existing licensees. It grants the Division of Banks authority to summon witnesses, demand documents, and impose fines up to $100,000 for violations related to debt collection and loan servicing. The legislation also allows the commissioner to issue orders prohibiting individuals from working in the industry for specific periods or obtaining future licenses. Additionally, it clarifies that these administrative penalties do not prevent injured parties from seeking damages in court.