Maine § 10 §1026-A Insurance of loans

Maine Statutes

§ 10 §1026-A — Insurance of loans

Maine § 10 §1026-A

Title 10COMMERCE AND TRADE

Part 2BUILDING AND DEVELOPMENT

Ch. 110FINANCE AUTHORITY OF MAINE

This text of Maine § 10 §1026-A (Insurance of loans) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 10, § 10 §1026-A (2026).

Text

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.

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).