Maine Statutes
§ 33 §504 — Interest on residential mortgage escrow accounts
1.Loan provisions required.
A mortgage deed resulting from a mortgage loan must contain provisions for payment of interest on the escrow balance in accordance with Title 9‑B, section 429 if:
2.Applicability.
The requirements of this section apply to any residential mortgage deed dated on or after January 1, 1992.
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Legislative History
PL 1991, c. 118, §1 (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
Applicability