Maine § 10 §1030 Incontestability

Maine Statutes

§ 10 §1030 — Incontestability

Maine § 10 §1030

Title 10COMMERCE AND TRADE

Part 2BUILDING AND DEVELOPMENT

Ch. 110FINANCE AUTHORITY OF MAINE

This text of Maine § 10 §1030 (Incontestability) 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 §1030 (2026).

Text

Any loan insurance commitment or contract executed and delivered by the authority under this subchapter is conclusive evidence of the eligibility of the loan for insurance subject to satisfaction of any conditions set forth in the loan insurance contract or commitment and that the requirements of sections 1026‑A and 1026‑E have, to the extent determined applicable by the authority, been satisfied or made conditions of the loan insurance commitment or contract, and the validity of any loan insurance commitment or contract so executed and delivered is incontestable in the hands of an insured except for fraud or misrepresentation on the part of the insured.

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Any loan insurance commitment or contract executed and delivered by the authority under this subchapter is conclusive evidence of the eligibility of the loan for insurance subject to satisfaction of any conditions set forth in the loan insurance contract or commitment and that the requirements of sections 1026‑A and 1026‑E have, to the extent determined applicable by the authority, been satisfied or made conditions of the loan insurance commitment or contract, and the validity of any loan insurance commitment or contract so executed and delivered is incontestable in the hands of an insured except for fraud or misrepresentation on the part of the insured.

Legislative History

PL 1981, c. 476, §2 (NEW). PL 1985, c. 344, §53 (AMD). PL 1987, c. 521, §10 (AMD). PL 1987, c. 846, §11 (AMD). PL 2003, c. 537, §44 (AMD). PL 2003, c. 537, §53 (AFF).