Maine Revised Statutes Title 9-A Sec. 9-311-A – Real estate settlement procedures
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Terms Used In Maine Revised Statutes Title 9-A Sec. 9-311-A
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72
A creditor and its mortgage loan originators shall comply with the provisions of the federal Real Estate Settlement Procedures Act of 1974, 12 United States Code § 2601 et seq. and its implementing regulation, Regulation X, 12 C.F.R. § 1024.1 et seq. [PL 2013, c. 464, §11 (AMD).]
SECTION HISTORY
PL 2007, c. 466, Pt. B, §8 (NEW). PL 2007, c. 466, Pt. B, §10 (AFF). PL 2011, c. 427, Pt. B, §12 (AMD). PL 2013, c. 464, §11 (AMD).