To applause from many local residential lenders, the state of Massachusetts has adopted new regulations that government officials hope will avert a repeat of Abbey Financial Corp.'s recent demise.

The new regulations, which will go into effect July 29, will require lenders to better monitor their pipelines and protect borrowers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.