A high-cost home mortgage loan shall not contain a scheduled payment that is more than twice as large as the average of earlier scheduled payments. This subsection shall not apply when the payment schedule is adjusted to the seasonal or irregular income of the borrower.
Mass. Gen. Laws ch. 183C, § 8
Limitation on scheduled payments
Known as the Predatory Home Loan Practices Act
The act spans §§ 183–183 (19 sections).
Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.