Massachusetts H1122 mandates clear notice to consumers about the sharing of their loan application information with third parties.

Massachusetts H1122 requires financial lending institutions to provide clear and conspicuous notice to consumers about the sharing of their loan application information with third parties. The notice must inform consumers of their rights under the law and their option to opt into such sharing. The bill amends Chapter 93 of the General Laws to include these requirements, ensuring consumers are aware of how their information may be used.

Massachusetts H1122 mandates clear notice to consumers about the sharing of their loan application information with third parties.

Massachusetts H1122 requires financial lending institutions to provide clear and conspicuous notice to consumers about the sharing of their loan application information with third parties. The notice must inform consumers of their rights under the law and their option to opt into such sharing. The bill amends Chapter 93 of the General Laws to include these requirements, ensuring consumers are aware of how their information may be used.