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Maine Revised Statutes Title 30-A. Municipalities and Counties § 4857. Recovery of money applied from fund

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

To the extent permitted by law and to the extent it is economically and socially reasonable, the Maine State Housing Authority may recover amounts from any person on whose behalf money from the fund has been applied to carry out this subchapter and may charge interest on those amounts at a rate determined by the Maine State Housing Authority.

1. Recovery deferred. The recovery may be deferred until:

A. The sale or refinancing of the housing;

B. The end of the term of the mortgage loan; or

C. Any other time determined by the Maine State Housing Authority.

2. Limitation of recovery. Recourse for the recovery is limited to property subject to the mortgage, except in cases of fraud.

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Cite this article: FindLaw.com - Maine Revised Statutes Title 30-A. Municipalities and Counties § 4857. Recovery of money applied from fund - last updated January 01, 2025 | https://codes.findlaw.com/me/title-30-a-municipalities-and-counties/me-rev-st-tit-30-a-sect-4857/

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