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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 30-A, § 4806: Bonds; collateral, 1987

The Maine State Housing Authority must require institutional loans to be secured by qualified collateral security.

Source excerpt

collateral securityinstitutional loans
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1987
Dates
Enacted 1987 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1987 · Source version 1 Oct 2025
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“The Maine State Housing Authority must require institutional loans to be secured by qualified collateral security.”

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    Enacted 1987 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Bonds; collateral

The Maine State Housing Authority must require institutional loans to be secured by qualified collateral security.

Section 4806

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Source record from legislature.maine.gov · Enacted 1987 · Source version 1 Oct 2025

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Provision
§ 4806Bonds; collateralProvision

Source excerpt

The Maine State Housing Authority must require institutional loans to be secured by qualified collateral security.

The Maine State Housing Authority shall require that institutional loans be secured as to payment of both principal and interest by a pledge of and lien upon qualified collateral security. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] The Maine State Housing Authority may establish any requirements that it considers necessary with respect to the pledging, assigning, setting aside or holding of this collateral and the making of substitutions for or additions to the collateral and the disposition of income and receipts from the collateral. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).] Notwithstanding any other provision of law, participating financial institutions may do any acts required by this subchapter. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]
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  • 1 Oct 2025 · currentEnglish

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