When transferring a business, it may be necessary to retain employees with relevant skills for a certain period of time. Therefore, lockout agreements or loyalty bonus agreements can be useful options in some cases. However, these agreements must be tailor-made to a certain extent and in accordance with the law. (b) Mortgage brokers. Any mortgage broker to be licensed by M.G.L.c. 255E, § 2 and 209 CMR 42.08 retains the following for at least three years after the conclusion of a mortgage loan: the initial loan and indemnity agreement in accordance with 209 CMR 42.16; a copy of the billing statement; an account of the costs received as part of the loan; correspondence; documents or records related to the loan; and other documents that the Commissioner may request. .