This subchapter applies to transactions: [PL 1999, c. 145, §1 (NEW).] 1. Purposes. That are incurred primarily for personal, family or household purposes; [PL 1999, c. 145, §1 (NEW).] 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; [PL 1999, c. 145, §1 (NEW).] 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; [PL 1999, c. 145, §1 (NEW).] 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 [PL 1999, c. 145, §1 (NEW).] 5. Secured by mortgages. That are secured by mortgages on real estate containing not more than 4 residential dwelling units. [PL 1999, c. 145, §1 (NEW).]
‹ Prev All Maine sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.