Maine Statutes
§ 10 §1028 — Mortgage insurance premiums
Maine·Title 10 COMMERCE AND TRADE·Part 2 BUILDING AND DEVELOPMENT·Ch. 110 FINANCE AUTHORITY OF MAINE
The authority may fix mortgage insurance premiums for the insurance of mortgage payments under this subchapter. The effective rate of the insurance premiums shall not be more than 2% per year of the actual or scheduled outstanding principal obligation at the beginning of each year. The authority shall determine and prescribe the manner in which the premiums shall be payable, the effective rate of the insurance premium, the actual or scheduled outstanding principal obligation and other matters necessary and proper for the assessment and collection of the premiums.
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Legislative History
PL 1981, c. 476, §2 (NEW). PL 1985, c. 344, §51 (AMD). PL 1985, c. 714, §26 (AMD).
Nearby Sections
15
§ 10 §1000
Annual report§ 10 §1000-A
Liberal construction§ 10 §1001
Definitions§ 10 §1002
General powers§ 10 §1003
Definitions§ 10 §1004
Organization§ 10 §1005
General powers§ 10 §1006
Investment plan; reports§ 10 §1007
Records confidential§ 10 §1008
Liberal construction§ 10 §1009
Governmental function§ 10 §1013
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