An Act relative to unlawful practices in the servicing and foreclosure of a subordinate mortgage

This bill (HD 1450) regulates how mortgage servicers handle subordinate mortgages (secondary home loans) in Massachusetts. It prohibits specific practices like failing to send required notices for 12+ months, not providing periodic statements, or demanding payment after the statute of limitations expires. Borrowers gain new rights: creditors must provide detailed notices listing prohibited practices, and borrowers can petition court to stop foreclosure if violations occurred. Courts can then order remedies like waiving fees, halting foreclosure, or deleting incorrect credit reports, with creditors liable for actual damages and attorney fees for violations. All required notices must be in English and Spanish, clearly marked as important.