Maine Statutes
§ 33 §524 — Duty of lender
Maine § 33 §524
This text of Maine § 33 §524 (Duty of lender) 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 §524 (2026).
Text
The lender shall cause, at or before loan closing, disbursement of loan funds to the settlement agent; however, in the case of any loan when a right of rescission applies and has not been exercised, the lender shall cause disbursement of loan funds to the settlement agent prior to noon of the first business day after the expiration of the rescission period required under the federal Truth-in-Lending Act, 15 United States Code, Section 1601, et seq. and the state truth-in-lending provisions, Title 9‑A, Article 8‑A, as applicable.
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Legislative History
PL 1999, c. 145, §1 (NEW). PL 2011, c. 427, Pt. D, §23 (AMD).
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 §524, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/33%20%C2%A7524.