Maine Statutes
§ 30-A §4802 — Institutional loans
1.Loans authorized.
The Maine State Housing Authority may make loans to financial institutions for the purpose of providing mortgage funds for the financing of housing units or housing projects for persons or families of low income. These loans are referred to in this subchapter as "institutional loans." Financial institutions receiving or to receive such loans are referred to in this subchapter as "participating financial institutions." A participating financial institution which does not maintain a regular place of business in the State must contract for the origination of mortgage loans with a financial institution with a regular place of business in the State.
2.Eligible mortgage loans.
Eligible mortgage loans under this subchapter are mortgage loans for the purpose of:
Free access — add to your briefcase to read the full text and ask questions with AI
Maine § 30-A §4802 (Institutional loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
Nearby Sections
15
§ 30 §1001
County law enforcement administration§ 30 §1002
Aid required by officer; refusal§ 30 §1003
Officer to pay money collected§ 30 §1004
Arrest in other counties§ 30 §101
Board membership; chairman§ 30 §101-A
Municipal school budget§ 30 §102
Vacancies; expiration of term§ 30 §103
Other times§ 30 §105
Mode of election