Terms Used In Maine Revised Statutes Title 32 Sec. 6191

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
This chapter may be known and cited as “the Foreclosure Purchasers Act.”   [PL 2007, c. 596, §1 (NEW).]
SECTION HISTORY

PL 2007, c. 596, §1 (NEW).