Maine Revised Statutes Title 33. Property § 523. Applicability
Current as of January 01, 2022 | Updated by FindLaw Staff
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This subchapter applies to transactions:
1. Purposes. That are incurred primarily for personal, family or household purposes;
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;
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;
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
5. Secured by mortgages. That are secured by mortgages on real estate containing not more than 4 residential dwelling units.
Cite this article: FindLaw.com - Maine Revised Statutes Title 33. Property § 523. Applicability - last updated January 01, 2022 | https://codes.findlaw.com/me/title-33-property/me-rev-st-tit-33-sect-523/
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