{"data":{"id":"us-ma/mass.-gen.-laws-ch.-140d-17","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 140D, § 17","heading":"Oral response to cost of credit inquiry","body":"Section 17. In responding orally to any inquiry about the cost of credit, a creditor, regardless of the method used to compute finance charges, shall state rates only in terms of the annual percentage rate, except that in the case of an open-end-credit plan, the periodic rate also may be stated and, in the case of an other than open-end-credit plan where a major component of the finance charge consists of interest computed at a simple annual rate, the simple annual rate also may be stated. The commissioner may, by regulation, provide an exception from this section for a transaction or class of transactions for which the creditor cannot determine in advance the applicable annual percentage rate.","path":["Part I","Title XX","Chapter 140D"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXX/Chapter140D/Section17","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:20Z","sha256":"6e47feb794d6416ea3dfddc918f6b709455dc9b744cd9479047b4967ddac3f51","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-140d-16","next":"us-ma/mass.-gen.-laws-ch.-140d-18"},"notice":"GroundRules: Original legal text. Not legal advice."}