# Mass. Gen. Laws ch. 167, sec. 1A: Rules and regulations

> Massachusetts · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1A

## Section

- **Citation:** Mass. Gen. Laws ch. 167, sec. 1A
- **Heading:** Rules and regulations
- **Jurisdiction:** Massachusetts
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MA Code / Part I / Title XXII / Chapter 167 / Section 1A

## Text

Section 1A. The commissioner shall promulgate rules and regulations establishing minimum standards relative to the security and protection of credit unions under the commissioner's supervision, both for the benefit of employees as well as the general public, including the requirement for the installation, maintenance and operation of security devices and procedures and to assist in the identification and apprehension of criminals. Said rules and regulations shall fix the time limit within which each such credit union shall comply with the standards so established and may require the submission, in writing, of periodic reports and other information necessary to ensure compliance with such rules and regulations. A credit union which violates any rule or regulation promulgated pursuant to this section shall forfeit to the commonwealth $100 for each day during which such violation continues, to be recovered by an information in equity in the name of the attorney general at the request of the commissioner, commenced in the supreme judicial court for Suffolk county.

Section 1A. The commissioner shall promulgate rules and regulations establishing minimum standards relative to the security and protection of credit unions under the commissioner's supervision, both for the benefit of employees as well as the general public, including the requirement for the installation, maintenance and operation of security devices and procedures and to assist in the identification and apprehension of criminals.

Said rules and regulations shall fix the time limit within which each such credit union shall comply with the standards so established and may require the submission, in writing, of periodic reports and other information necessary to ensure compliance with such rules and regulations. A credit union which violates any rule or regulation promulgated pursuant to this section shall forfeit to the commonwealth $100 for each day during which such violation continues, to be recovered by an information in equity in the name of the attorney general at the request of the commissioner, commenced in the supreme judicial court for Suffolk county.

## Nearby sections

- [Mass. Gen. Laws ch. 167, sec. 1 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1.md)
- [Mass. Gen. Laws ch. 167, sec. 1A Rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1A.md)
- [Mass. Gen. Laws ch. 167, sec. 2 Examination of banks](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2.md)
- [Mass. Gen. Laws ch. 167, sec. 2A Definitions applicable to Secs. 2A to 2G; unfair practices involving consumer transactions; rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2A.md)
- [Mass. Gen. Laws ch. 167, sec. 2B Investigation of unfair practices](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2B.md)
- [Mass. Gen. Laws ch. 167, sec. 2C Proceedings regarding unfair practices; notice; hearing](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2C.md)
- [Mass. Gen. Laws ch. 167, sec. 2D Unfair practices; findings; cease and desist orders; penalty; modification of order](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2D.md)
- [Mass. Gen. Laws ch. 167, sec. 2E Review of cease and desist orders; civil liability](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2E.md)
- [Mass. Gen. Laws ch. 167, sec. 2F Violations of cease and desist orders; penalties](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2F.md)
- [Mass. Gen. Laws ch. 167, sec. 2G Penalties for unfair practices; enforcement](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2G.md)
- [Mass. Gen. Laws ch. 167, sec. 2H Notice to commissioner of activity or investment of savings bank, co-operative bank or trust company; waiver or extension of notice period](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2H.md)
- [Mass. Gen. Laws ch. 167, sec. 2I Compliance with federal laws and regulations](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2I.md)
- [Mass. Gen. Laws ch. 167, sec. 2J Confidentiality of information provided in applications filed with commissioner](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S2J.md)
- [Mass. Gen. Laws ch. 167, sec. 3 Meetings of board of directors or board of trustees of bank; reports on bank examinations; records; certificates](https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S3.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MA_PI_TXXII_C167_S1A. Check the current official text before relying on it. Not legal advice.