Mass. Gen. Laws » Part III Title IV Chapter 255B
Massachusetts General Laws

Mass. Gen. Laws ch. 255B, § 14 (2026)

Finance charges; rate; computation

✓ current as of July 2026
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Section 14. A retail seller may charge, receive and collect for any new or used motor vehicle, a finance charge not in excess of an annual percentage rate of twenty-one per cent.

Such finance charge shall be computed on the amount financed as determined under chapter one hundred and forty D on contracts payable in successive monthly instalments substantially equal in amount.

On contracts providing for instalments extending for a period less than or greater than one year, the finance charge shall be computed proportionately. The finance charge may be computed on the basis of a full month for any fractional month period in excess of fifteen days.

When a retail instalment contract provides for unequal or irregular instalments, the finance charge shall be no more than the effective rate provided in this section, having due regard for the schedule of instalments.

The finance charge shall be inclusive of all charges incident to investigating and making the contract, and for the extension of the credit provided for in the contract and no fee, expense or other charge whatsoever shall be taken, received, reserved or contracted for except as provided in this section and in section eleven and section seventeen and for those items expressly provided for in the retail instalment contract as set forth in chapter one hundred and forty D.

Notes of Decisions
Cited in 3 cases (1 in the last 5 years), 1983–2021 · leading case: Geraci v. Crown Chevrolet, Inc., 444 N.E.2d 1308 (Mass. App. Ct. 1983).
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Geraci v. Crown Chevrolet, Inc., 444 N.E.2d 1308 (Mass. App. Ct. 1983). “93A, with the exception of the claim that the plaintiff was charged an excessive finance fee in violation of G. L. c. 255B, § 14, and the rules and regulations of the Attorney General, 940 Code Mass.”
Ritter v. Durand Chevrolet, Inc., 945 F. Supp. 381 (D. Mass. 1996). · cites it 2× “In Count II, plaintiff alleges that the defendants violated the Massachusetts Motor Vehicle Retail Installment Sales Act (“MVRISA”), Mass.Gen.L. ch. 255B, § 14. In brief, the plaintiff contends that the $39.”
Commonwealth v. Credit Acceptance Corp. (Mass. Super. Ct. 2021). “140D, and (ii) CAC charged more than the maximum 21 percent annual interest allowed by the Massachusetts Retail Installment Sales of Motor Vehicles Act, G.L. c. 255B, § 14. Both counts assert claims under G.”
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