Maine § 10 §1026-A Insurance of loans

Maine Statutes

§ 10 §1026-A — Insurance of loans

Maine·Title 10 COMMERCE AND TRADE·Part 2 BUILDING AND DEVELOPMENT·Ch. 110 FINANCE AUTHORITY OF MAINE

1.(TEXT EFFECTIVE UNTIL CONTINGENCY: See PL 2015, c. 38, §3) Insurance. The authority may make commitments and agreements to insure loan payments. Any loan insurance must be subject to the following:

1.(TEXT EFFECTIVE ON CONTINGENCY: See PL 2015, c. 38, §3) Insurance. The authority may make commitments and agreements to insure loan payments. Any loan insurance must be subject to the following: 1-A. Coinsurance.

2.Loan eligibility. The authority may insure loan payments under this subchapter subject to the following requirements:

3.Mortgage insured loan limitation for small businesses.

4.Ineligible for loan insurance. The authority may not provide loan insurance for the following:

5.Limitations on loan insurance. The authority may establish a maximum insurance liability for particular

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1.
(TEXT EFFECTIVE UNTIL CONTINGENCY: See PL 2015, c. 38, §3) Insurance.
The authority may make commitments and agreements to insure loan payments. Any loan insurance must be subject to the following:
1.
(TEXT EFFECTIVE ON CONTINGENCY: See PL 2015, c. 38, §3) Insurance.
The authority may make commitments and agreements to insure loan payments. Any loan insurance must be subject to the following:
1-A.
Coinsurance.
2.
Loan eligibility.
The authority may insure loan payments under this subchapter subject to the following requirements:
3.
Mortgage insured loan limitation for small businesses.
4.
Ineligible for loan insurance.
The authority may not provide loan insurance for the following:
5.
Limitations on loan insurance.
The authority may establish a maximum insurance liability for particular sectors and for existing loans by rule. Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A.

Maine § 10 §1026-A (Insurance of loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1985, c. 344, §49 (NEW). PL 1985, c. 714, §§16-18 (AMD). PL 1987, c. 697, §6 (AMD). PL 1991, c. 854, §§A3-6 (AMD). PL 1993, c. 319, §1 (AMD). PL 2003, c. 537, §30 (AMD). PL 2003, c. 537, §53 (AFF). PL 2009, c. 124, §3 (AMD). PL 2009, c. 131, §1 (AMD). PL 2015, c. 38, §1 (AMD). PL 2015, c. 38, §3 (AFF). PL 2015, c. 494, Pt. C, §7 (AFF). PL 2019, c. 160, §5 (AMD). PL 2019, c. 377, §6 (REV).