Section 029-145-1 - Summary1. This Chapter allows subject lenders to provide to student borrowers loans that provide for a schedule of payments of principal and/or interest pursuant to which payments are not substantially equal to all other payments or pursuant to which the intervals between consecutive payments differ substantially. This Chapter also allows subject lenders to provide to student borrowers loans that provide for the deferral of periodic payments and the accrual of interest and costs during the deferral period.2. This Chapter is promulgated jointly by the Bureau of Financial Institutions and the Bureau of Consumer Credit Protection because it pertains to financial institutions authorized to do business in this State as defined by Title 9-B § 131(17-A), credit unions authorized to do business in this State as defined by Title 9-B § 131(12-A), and supervised lenders, as defined in Title 9-A § 1-301(39). This Chapter only pertains to loans provided to student borrowers by subject lenders.02-029 C.M.R. ch. 145, § 1