Stop the vote of Section 256 of Bill H4808/S2869 in the Massachusetts State House
The Issue
The National Coalition Against Predatory Lending (NCAPL) is leading a campaign to stop passage of Section 256, part of the Economic Development Bill (H4808/S2869). This section did not pass from the conference committee when the Massachusetts House of Representatives and Senate ended their formal session on August 1, 2024. Section 256 grants immunity to nonprofits that undermine and roll back Massachusetts consumer protection laws. Our goal is 1,000 signatures by Wednesday, August 28 to deliver to the Speaker of the House with a strong message to protect the rights of citizens and freedom of homeowners.
The implications of Section 256 go beyond legal fine print. It risks stripping citizens of their individual rights and foremost, will open a Pandora's box for predatory lending institutions. For example, homeowners have no legal protections from predatory lenders who seize home equity and steal thousands of dollars from homeowners. Section 256 incongruously creates special exceptions for entities like BlueHub Capital. BlueHub Capital since 2022 has used the legislative process to introduce such language and not face the class action lawsuit filed by homeowners charging the nonprofit with violations of consumer protection laws and mortgage predatory lending.
We must act rapidly to prevent the potential voting on Section 256 during the ongoing informal session. It is wrong and dangerous to allow such major decisions without formal, structured oversight. Let us prevent Section 256 from undermining our rights and consumer protection laws, 140D, 93A, and 183C. NCAPL seek fairness, protection, and overall leadership from our elected officials that acts in its constituents' best interest. Other organizations that oppose Section 256 and any similiar language:
- Massachusetts Mortgage Bankers Association
- Massachusetts Alliance Against Predatory Lending
- Neighborhood Assistance Corporation of America
- National Consumer Law Center
- Greater Boston Legal Services
Stand with the National Coalition Against Predatory Lending and sign this petition, urging the leadership of the Massachusetts House of Representatives and Senate to reject voting on Section 256 of Bill H4808/S2869 during their informal session.
The Issue
The National Coalition Against Predatory Lending (NCAPL) is leading a campaign to stop passage of Section 256, part of the Economic Development Bill (H4808/S2869). This section did not pass from the conference committee when the Massachusetts House of Representatives and Senate ended their formal session on August 1, 2024. Section 256 grants immunity to nonprofits that undermine and roll back Massachusetts consumer protection laws. Our goal is 1,000 signatures by Wednesday, August 28 to deliver to the Speaker of the House with a strong message to protect the rights of citizens and freedom of homeowners.
The implications of Section 256 go beyond legal fine print. It risks stripping citizens of their individual rights and foremost, will open a Pandora's box for predatory lending institutions. For example, homeowners have no legal protections from predatory lenders who seize home equity and steal thousands of dollars from homeowners. Section 256 incongruously creates special exceptions for entities like BlueHub Capital. BlueHub Capital since 2022 has used the legislative process to introduce such language and not face the class action lawsuit filed by homeowners charging the nonprofit with violations of consumer protection laws and mortgage predatory lending.
We must act rapidly to prevent the potential voting on Section 256 during the ongoing informal session. It is wrong and dangerous to allow such major decisions without formal, structured oversight. Let us prevent Section 256 from undermining our rights and consumer protection laws, 140D, 93A, and 183C. NCAPL seek fairness, protection, and overall leadership from our elected officials that acts in its constituents' best interest. Other organizations that oppose Section 256 and any similiar language:
- Massachusetts Mortgage Bankers Association
- Massachusetts Alliance Against Predatory Lending
- Neighborhood Assistance Corporation of America
- National Consumer Law Center
- Greater Boston Legal Services
Stand with the National Coalition Against Predatory Lending and sign this petition, urging the leadership of the Massachusetts House of Representatives and Senate to reject voting on Section 256 of Bill H4808/S2869 during their informal session.
Supporter Voices
Petition Updates
Share this petition
Petition created on August 4, 2024