Maine Revised Statutes Title 9-A Sec. 9-308 – Right to prepay
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Terms Used In Maine Revised Statutes Title 9-A Sec. 9-308
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A consumer may prepay in full or in part the unpaid balance of a consumer credit transaction that is an alternative mortgage transaction, as defined in section 9?302, subsection 1, at any time without penalty. [PL 1995, c. 614, Pt. A, §16 (AMD).]
SECTION HISTORY
PL 1987, c. 396, §12 (NEW). PL 1995, c. 614, §A16 (AMD).