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25,400 statutes · page 1256 of 1270
United States — Maine legislation
20 statutes shown from 25,400 source-backed records
1. Payments from escrow. A creditor, assignee or servicer that holds or controls funds of a consumer in an escrow account for the payment of taxes or insurance premiums shall make timely payments from that escrow account for a consumer
A creditor, assignee, or servicer must answer payoff figure requests from a consumer or the consumer’s agent within 3 business days.
A creditor that makes consumer credit transactions secured by a mortgage on real estate and holds a mortgagor’s escrow funds for taxes or insurance premiums must pay interest on those funds under Title 9-B, section 429.
A consumer generally does not have to pay anyone except the original creditor until notice of assignment is received.
The creditor must give a written receipt for each cash or coin payment, and later provide a written payoff acknowledgment; a consumer can also request a payment history statement.
A consumer may prepay an alternative mortgage consumer credit balance, in full or in part, at any time, without penalty.
If a creditor charges a person for a real-estate appraisal, the creditor must give that person one free copy of the appraisal on request.
A creditor that is a financial institution must comply with specified federal privacy laws and regulations.
A creditor and its mortgage loan originators must comply with RESPA and Regulation X.
A creditor may not interfere with a purchaser's or borrower's choice of accounting, tax, or attest services provider in connection with credit, but may require proof of liability insurance or similar written policies.
A supervised lender and its mortgage loan originator may not knowingly help a consumer submit false information on a credit application or knowingly falsify that information.
If a supervised lender charges a consumer a fee to lock in an interest rate, the lender must take necessary steps to secure that rate, choose a reasonable closing window, and make good-faith efforts to close within the rate-lock period.
A supervised lender may not add a prepayment penalty provision to a loan contract by rider or amendment if the contract says no such penalty may be imposed or that it is not specifically authorized by state law.
In a residential mortgage transaction, a supervised lender or its mortgage loan servicer must give the mortgagor an annual written notice about mortgage insurance cancellation/termination rights and contact information.
A creditor or someone acting for a creditor may not use a material misrepresentation to induce a consumer into a consumer credit transaction.
1. With respect to a consumer credit transaction, if the court as a matter of law finds: A. The agreement to have been unconscionable at the time it was made, or to have been induced by unconscionable conduct, the court may refuse to
A person collecting an alleged consumer credit debt must not use threats, false disclosures, deceptive legal-style communications, or other listed abusive collection tactics.
A court may stay enforcement of a judgment against a consumer in a consumer credit case, if there is cause and a party moves for it or the court acts on its own, while the court keeps jurisdiction.
This section lets certain consumers recover damages or set refund-related claims when creditors, assignees, or servicers violate specified article provisions, and it limits when actions may be brought.
A consumer may set off refunds or penalties owed under this Part against the consumer’s obligation.
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