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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 33, § 523: Applicability, 1999

This subchapter applies to certain consumer loan transactions meeting specified conditions.

Source excerpt

Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 1999
Dates
Enacted 1999 · Source version 1 Oct 2025
More statute details
Dates
Enacted 1999 · Source version 1 Oct 2025
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01

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“This subchapter applies to certain consumer loan transactions meeting specified conditions.”

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    Enacted 1999 · 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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Applicability

This subchapter applies to certain consumer loan transactions meeting specified conditions.

Section 523

04

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Source record from legislature.maine.gov · Enacted 1999 · Source version 1 Oct 2025

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Showing 1 of 1 provisions

Provision
§ 523ApplicabilityProvision

Source excerpt

This subchapter applies to certain consumer loan transactions meeting specified conditions.

This subchapter applies to transactions: [PL 1999, c. 145, §1 (NEW).] 1. Purposes. That are incurred primarily for personal, family or household purposes; [PL 1999, c. 145, §1 (NEW).] 2. Not open-end credit. That are not open-end credit as that term is defined in Title 9‑A, section 1‑301, subsection 26; [PL 1999, c. 145, §1 (NEW).] 3. Not involving multiple advances. That do not contemplate multiple advances of funds as set forth in or required by the terms of the loan documents; [PL 1999, c. 145, §1 (NEW).] 4. Location of lender or closing. When the lending office or branch from which the loan is made is located in this State or the loan closing occurs within this State; and [PL 1999, c. 145, §1 (NEW).] 5. Secured by mortgages. That are secured by mortgages on real estate containing not more than 4 residential dwelling units. [PL 1999, c. 145, §1 (NEW).]
Section 523Verify source

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  • 1 Oct 2025 · currentEnglish

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