Maine Revised Statutes Title 14 Sec. 6307 – Fraudulent mortgage
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Terms Used In Maine Revised Statutes Title 14 Sec. 6307
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
When a mortgage is alleged and proved to be fraudulent, in whole or in part, an innocent assignee of the mortgagor, for a valuable consideration, may bring his action within the time allowed to redeem and be allowed to redeem without a tender.