9-A M.R.S. § 3-312
This is the official text of 9-A M.R.S. § 3-312, part of Maine’s M.R.S — part of the compiled statutory law of Maine, published by the state as "M.R.S." Browse the sections below, each linked to its official government source.
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9-A §3-312. Interest to be paid on funds held in escrow
Official statutory text
A supervised lender, including any of its assignees, that makes loans secured by a mortgage on real estate and which holds funds of a mortgagor in an escrow account for the payment of taxes or insurance premiums, either on its own behalf or on behalf of another mortgagee, shall pay interest on those funds in accordance with Title 9‑B, section 429 . [PL 1983, c. 679, §1 (NEW).]
Status: in_force · Read it on the official government site
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