Public Comment Now Open for Commission’s Guidance on Control and Ownership
While these matters have been addressed in multiple versions of the Commission’s regulations since 2018, the industry’s maturation and evolution has necessitated the need for additional guidance to help answer common questions concerning ownership and control. The draft guidance document linked below provides initial clarity around the Commission’s interpretation of these terms, and raises awareness around predatory lending practices, among other issues.
The agency will accept submissions from the public from April 11 through May 2, 2022 at 5 p.m. All comments should be emailed to Commission@CCCMass.com with the subject line “Guidance on Control and Ownership: Public Comment”.
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