Mass Law limits extensions of credit to executive Officers 200K Education $750k for a loan secured by a mortgage on a 1 to 4 family dwelling or condo and occupied in whole or part by officer and $100k for secured or unsecured for unspecified purposes.

It is confusing if certain stipulations in federal law still apply to these categories?
Does the refinance stipulation for a mortgage in federal law still apply and that it has to be a first mortgage?

Does the 100k max stand alone and not reference 337.3? What is included in secured or unsecured loans for unspecified purposes? The only reference I can find is it changed June 30, 2012.