Maine Revised Statutes Title 10 Sec. 970-A – Other mortgage insurance
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Terms Used In Maine Revised Statutes Title 10 Sec. 970-A
- Authority: means the Finance Authority of Maine as established by this chapter. See Maine Revised Statutes Title 10 Sec. 963-A
- Mortgage: means an agreement granting a lien upon or a security interest in eligible collateral upon certain conditions and includes, but is not limited to, a mortgage of real estate, an assignment of rents, a pledge or a security agreement. See Maine Revised Statutes Title 10 Sec. 963-A
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
In carrying out the purposes of this chapter, the authority shall, to the greatest extent possible, require the utilization of private or other governmental sources of mortgage insurance or credit enhancement devices in order to assure the most effective and efficient use of state resources for mortgage insurance. [PL 1985, c. 344, §19 (NEW).]
SECTION HISTORY
PL 1985, c. 344, §19 (NEW).