Report Of The Supervisor Of Loan Agencies

Author : Massachusetts Bureau of Loan Agencies
Publisher : Forgotten Books
ISBN 13 : 9781391973883
Total Pages : 294 pages
Book Rating : 4.9/5 (738 download)

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Download or read book Annual Report of the Bureau of Loan Agencies written by Massachusetts Bureau of Loan Agencies and published by Forgotten Books. This book was released on 2018-09-07 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Annual Report of the Bureau of Loan Agencies: For the License Year Ended September 30, 1932 Sir -the annual report of the Supervisor of Loan Agencies for the license year which terminated September 30, 1932, is submitted herewith in compliance with Section 98, Chapter 140, General Laws. The statistics in this report cover the operations of three companies specifically chartered by the Legislature, twenty-two Morris plan companies, and two hundred and four other loan agencies Whose business is regulated by Sections 96 to 114, inclusive, of Chapter 140, General Laws. There are, at the present time, twenty-nine lenders, formerly licensed, whose business is in process of liquidation - a greater number than at any time since the business has been regulated by supervision. Fifteen new licenses were issued during this year as compared with thirty-nine for the previous license year. At the suggestion of the Supervisor of Loan Agencies, the Personal Finance Exchange Bureau has been established during the past license year in Boston. Fifty-seven agencies in Metropolitan Boston have become members of this ex change bureau. The purpose is to exchange information as to applicants for loans, and to create a clearing house with a view toward preventing borrowers from over burdening themselves with indebtedness beyond their ability to pay. The use of an exchange bureau by all licensed lenders In and about Boston Is desirable to accomplish such a condition. Similar exchange service has been established in several cities where there are more than two licensed agencies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.