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Form a Business

Receipt; part payment

M.G.L. c. 140, § 109
in effect
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c. 140, § 109. Receipt; part payment Section 109. If a payment is made on account of a loan to which sections ninety-six to one hundred and eleven, inclusive, apply, the person who receives the payment, or his principal, shall, when the payment is taken, give to the person paying a receipt setting forth the amount then paid and the amount previously paid, and identifying the loan, note, mortgage or assignment to which it is to be applied.
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXX/Chapter140/Section109Fetched: 10/20/2026

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