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Maine Revised Statutes Title 13. Corporations § 1759. Loans

Current as of January 01, 2025 | Updated by Findlaw Staff

Any lender is authorized to make loans secured by shares in a cooperative affordable housing corporation, including limited equity cooperatives. For purposes of Title 9-A, section 1-202, subsection (8), a loan secured by shares of a cooperative affordable housing corporation must be considered a loan secured by a mortgage on real estate.

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Cite this article: FindLaw.com - Maine Revised Statutes Title 13. Corporations § 1759. Loans - last updated January 01, 2025 | https://codes.findlaw.com/me/title-13-corporations/me-rev-st-tit-13-sect-1759/

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