Maine § 33 §523 Applicability

Maine Statutes

§ 33 §523 — Applicability

Maine § 33 §523

Title 33PROPERTY

Ch. 9MORTGAGES OF REAL PROPERTY

This text of Maine § 33 §523 (Applicability) 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 §523 (2026).

Text

This subchapter applies to transactions:

1.Purposes. That are incurred primarily for personal, family or household purposes;

2.Not open-end credit. That are not open-end credit as that term is defined in Title 9‑A, section 1‑301, subsection 26;

3.Not involving multiple advances. That do not contemplate multiple advances of funds as set forth in or required by the terms of the loan documents;

4.Location of lender or closing. When the lending office or branch from which the loan is made is located in this State or the loan closing occurs within this State; and

5.Secured by mortgages. That are secured by mortgages on real estate containing not more than 4 residential dwelling units.

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This subchapter applies to transactions:
1.
Purposes.
That are incurred primarily for personal, family or household purposes;
2.
Not open-end credit.
That are not open-end credit as that term is defined in Title 9‑A, section 1‑301, subsection 26;
3.
Not involving multiple advances.
That do not contemplate multiple advances of funds as set forth in or required by the terms of the loan documents;
4.
Location of lender or closing.
When the lending office or branch from which the loan is made is located in this State or the loan closing occurs within this State; and
5.
Secured by mortgages.
That are secured by mortgages on real estate containing not more than 4 residential dwelling units.