Maine Statutes
§ 33 §503 — Property insurance
Maine § 33 §503
This text of Maine § 33 §503 (Property insurance) 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. 33, § 33 §503 (2026).
Text
No person or financial institution making a residential mortgage loan for one to 4 residential units may, as a condition of the mortgage or as a term of the mortgage deed, require that the mortgagor carry property insurance on the property which is the subject of the mortgage in excess of the replacement cost of any buildings or appurtenances subject to the mortgage.
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Legislative History
PL 1985, c. 182 (NEW).
Nearby Sections
15
§ 33 §501
Forms§ 33 §501-A
"Power of sale"§ 33 §502
Entry by mortgagee§ 33 §503
Property insurance§ 33 §505
Open-end mortgages§ 33 §506
Undocumented mortgage agreements§ 33 §508
Nominee mortgagees§ 33 §521
Short title§ 33 §522
Definitions§ 33 §523
ApplicabilityCite This Page — Counsel Stack
Bluebook (online)
Maine § 33 §503, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/33%20%C2%A7503.