reglab/housing_qa huggingface dataset:
33 ME Rev Stat § 501-A (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1: GENERAL PROVISIONS|33 §501-A. "Power of sale"

 §501-A. "Power of sale" The following "power" is known as "The Statutory Power of Sale" and may be included in any mortgage or incorporated by reference in any mortgage granted by a corporation, partnership, including a limited partnership or a limited liability partnership, limited liability company or trustee of a trust and, if included in the mortgage, the mortgage may be foreclosed pursuant to Title 14, chapter 713, subchapter 3. The power of sale may not be used to foreclose a mortgage deed granted by a trustee of a trust if at the time the mortgage deed is given the real estate is used exclusively for residential purposes, the real estate has 4 or fewer residential units and one of the units is the principal residence of the owner of at least 1/2 of the beneficial interest in the trust. If the mortgage deed contains a statement that at the time the mortgage deed is given the real estate encumbered by the mortgage deed is not used exclusively for residential purposes, that the real estate has more than 4 residential units or that none of the residential units is the principal residence of the owner of at least 1/2 of the beneficial interest in the trust, the statement conclusively establishes these facts and the mortgage deed may be foreclosed by the power of sale.   [PL 2015, c. 147, §7 (AMD).]POWER  Upon any default in the performance or the observance of the foregoing or other condition, the mortgagee or the mortgagee's executors, administrators, successors or assigns, or the agent or attorney of the mortgagee or the mortgagee's executors, administrators, successors or assigns, may sell the mortgaged premises or such portion thereof as may remain subject to the mortgage in case of any partial release thereof, either as a whole or in parcels, together with all improvements that may be thereon, by a public sale in the county where the real estate then subject to the mortgage is situated, or, if more than one parcel is then subject thereto, then in the county where one of said parcels is situated, or at such place as may be designated for the purpose in the mortgage, first complying with the terms of the mortgage and the statutes relating to the foreclosure of mortgage by the exercise of a power of sale, and the mortgagee or the mortgagee's executors, administrators, successors or assigns or the agent or attorney of the mortgagee or the mortgagee's executors, administrators, successors or assigns may convey the same by proper deed or deeds to the purchaser or purchasers absolutely and in fee simple; and such sale forever bars the mortgagor and all persons claiming under it from all right and interest in the mortgaged premises, whether at law or in equity.   [PL 2015, c. 147, §7 (AMD).]SECTION HISTORY PL 1967, c. 424, §4 (NEW). PL 1991, c. 134, §3 (AMD). PL 1991, c. 768, §§3,4 (AMD). PL 1993, c. 277, §§3,4 (AMD). PL 1993, c. 277, §5 (AFF). PL 1995, c. 106, §2 (AMD). PL 2015, c. 147, §7 (AMD).
33 ME Rev Stat § 502 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1: GENERAL PROVISIONS|33 §502. Entry by mortgagee

 §502. Entry by mortgagee A mortgagee, or person claiming under him, may enter on the premises or recover possession thereof, before or after breach of condition, when there is no agreement to the contrary. In such case, if the mortgage is afterwards redeemed, the amount of the clear rents and profits from the time of taking possession shall be accounted for and deducted from the sum due on the mortgage.
33 ME Rev Stat § 503 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1: GENERAL PROVISIONS|33 §503. Property insurance

 §503. Property insurance No person or financial institution making a residential mortgage loan for one to 4 residential units may, as a condition of the mortgage or as a term of the mortgage deed, require that the mortgagor carry property insurance on the property which is the subject of the mortgage in excess of the replacement cost of any buildings or appurtenances subject to the mortgage.   [PL 1985, c. 182 (NEW).]SECTION HISTORY PL 1985, c. 182 (NEW).
33 ME Rev Stat § 504 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1: GENERAL PROVISIONS|33 §504. Interest on residential mortgage escrow accounts

 §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:   A. The mortgage is on owner-occupied residential property of not more than 4 units; and   [PL 1991, c. 118, §1 (NEW).]B. The loan or note requires payments into a mandatory escrow account.   [PL 1991, c. 118, §1 (NEW).][PL 1991, c. 118, §1 (NEW).] 2.  Applicability.  The requirements of this section apply to any residential mortgage deed dated on or after January 1, 1992.   [PL 1991, c. 118, §1 (NEW).] SECTION HISTORY PL 1991, c. 118, §1 (NEW).
33 ME Rev Stat § 506 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1: GENERAL PROVISIONS|33 §506. Undocumented mortgage agreements

 §506. Undocumented mortgage agreements In a residential mortgage loan closing, a buyer, seller or settlement agent may not knowingly be a party to a financial or other arrangement not reflected in the loan settlement statement if the effect of that arrangement is to substantially overstate the contract sales price. Any violation of this section constitutes a violation of the Maine Unfair Trade Practices Act.   [PL 2005, c. 161, §1 (NEW).]Revisor's Note: §506. Disclosure regarding private mortgage insurance (As enacted by PL 2005, c. 211, §1 is REALLOCATED TO TITLE 33, SECTION 507)SECTION HISTORY RR 2005, c. 1, §16 (RAL). PL 2005, c. 161, §1 (NEW). PL 2005, c. 211, §1 (NEW).
33 ME Rev Stat § 507 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1: GENERAL PROVISIONS|33 §507. Disclosure regarding private mortgage insurance (REALLOCATED FROM TITLE 33, SECTION 506)

 §507. Disclosure regarding private mortgage insurance (REALLOCATED FROM TITLE 33, SECTION 506)With respect to a mortgage loan on residential real property for which the processor or underwriter of that loan also engages in the business of private mortgage insurance, a supervised lender, as defined in Title 9-A, section 1-301, subsection 39, or a loan broker, as defined in Title 9-A, section 10-102, shall disclose to the loan applicant at the time of application the fact that the processor or underwriter is also in the business of private mortgage insurance. Failure to provide the disclosure required by this section does not annul, alter or affect the validity or enforceability of the mortgage loan.   [PL 2011, c. 691, Pt. A, §38 (AMD).]SECTION HISTORY RR 2005, c. 1, §16 (RAL). PL 2011, c. 691, Pt. A, §38 (AMD).
33 ME Rev Stat § 508 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1: GENERAL PROVISIONS|33 §508. Nominee mortgagees

 §508. Nominee mortgagees 1.  Authority presumed.  A person or entity that is named as nominee to hold a mortgage for another person or entity, in an instrument creating or assigning the mortgage, is presumed to have the authority to execute an assignment, partial release, discharge or other instrument that affects the title to the mortgaged property unless the person or entity on whose behalf the nominee is named:   A. Explicitly negates such authority within the instrument in which the nominee is named; or   [PL 2015, c. 289, §1 (NEW).]B. Executes a separate instrument that explicitly negates such authority and that is recorded in the registry of deeds within the county or district in which the mortgaged property is located.   [PL 2015, c. 289, §1 (NEW).][PL 2015, c. 289, §1 (NEW).] 2.  Instrument valid.  An assignment, partial release, discharge or other instrument affecting the title to mortgaged property or any interest in the property that is otherwise valid and that is executed by a nominee mortgagee with authority as provided in subsection 1 is valid even if the assignment, partial release, discharge or other instrument does not state the authority of the nominee mortgagee to take the action.   [PL 2015, c. 289, §1 (NEW).] 3.  Statement not a limitation of authority.  A statement in an instrument described in this section to the effect that, for purposes of recording, the nominee mortgagee is the mortgagee of record, or any statement of similar meaning, may not be considered to be a limitation upon the authority of the nominee mortgagee.   [PL 2015, c. 289, §1 (NEW).] 4.  Application.  This section applies exclusively to any discharge or partial release issued prior to the effective date of this section, whether made by a nominee mortgagee or by a subsequent assignee; to discharges or partial releases issued on or subsequent to the effective date of this section, whether made by a nominee mortgagee or by a subsequent assignee; and to any assignment or other instrument affecting title to a mortgaged property that is the subject of a foreclosure judgment or other legal judgment affecting title to a mortgaged property for which, as of the effective date of this section, either the period for appeal has run with no appeal having been filed or all rights of appeal have been exhausted.   [PL 2015, c. 289, §1 (NEW).] SECTION HISTORY PL 2015, c. 289, §1 (NEW).
33 ME Rev Stat § 521 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1-A: FUNDED SETTLEMENT ACT|33 §521. Short title

 §521. Short title This subchapter may be known and cited as the "Funded Settlement Act".   [PL 1999, c. 145, §1 (NEW).]SECTION HISTORY PL 1999, c. 145, §1 (NEW).
33 ME Rev Stat § 523 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1-A: FUNDED SETTLEMENT ACT|33 §523. Applicability

 §523. Applicability 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).] SECTION HISTORY PL 1999, c. 145, §1 (NEW).
33 ME Rev Stat § 524 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1-A: FUNDED SETTLEMENT ACT|33 §524. Duty of lender

 §524. Duty of lender 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.   [PL 2011, c. 427, Pt. D, §23 (AMD).]SECTION HISTORY PL 1999, c. 145, §1 (NEW). PL 2011, c. 427, Pt. D, §23 (AMD).
33 ME Rev Stat § 525 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1-A: FUNDED SETTLEMENT ACT|33 §525. Duty of settlement agent

 §525. Duty of settlement agent The settlement agent shall cause recordation of any deed, mortgage or other documents required to be recorded and shall cause disbursement of settlement proceeds within 2 business days of settlement or, when any right of rescission applies pursuant to the federal Truth-in-Lending Act, 15 United States Code, Section 1601 et seq. or the state truth-in-lending provisions, Title 9-A, Article 8-A, as applicable, at the time that the settlement agent reasonably determines that such right of rescission has not been exercised.   [PL 2011, c. 427, Pt. D, §24 (AMD).]SECTION HISTORY PL 1999, c. 145, §1 (NEW). PL 2011, c. 427, Pt. D, §24 (AMD).
33 ME Rev Stat § 526 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1-A: FUNDED SETTLEMENT ACT|33 §526. Penalty

 §526. Penalty 1.  Consumer remedies.  A lender or settlement agent who violates any provision of this subchapter and causes actual damage to a consumer is subject to a civil action by the aggrieved consumer in which the consumer has the right to recover the greater of actual damages in an amount determined by the court or, except as provided in subsection 2, an amount determined by the court not less than $250 nor more than $1,000, plus costs of the action together with reasonable attorney's fees.   [PL 1999, c. 145, §1 (NEW).] 2.  Bona fide error.  Liability under subsection 1 is limited to actual damages, plus costs of the action together with reasonable attorney's fees, if the lender or settlement agent shows by a preponderance of the evidence that the violation was not intentional and resulted from a bona fide error notwithstanding the maintenance of procedures reasonably adopted to avoid any such error.   [PL 1999, c. 145, §1 (NEW).] 3.  Limitation of actions.  An action may not be brought pursuant to this subchapter more than 2 years after the violation occurred.   [PL 1999, c. 145, §1 (NEW).] SECTION HISTORY PL 1999, c. 145, §1 (NEW).
33 ME Rev Stat § 527 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1-A: FUNDED SETTLEMENT ACT|33 §527. Enforcement

 §527. Enforcement With respect to lenders that are supervised financial organizations as that term is defined in Title 9‑A, section 1‑301, subsection 38‑A, a violation of this subchapter is deemed an anticompetitive and deceptive practice and the Superintendent of Financial Institutions may take appropriate action to ensure compliance with this subchapter. With respect to all other supervised lenders, as that term is defined in Title 9‑A, section 1‑301, subsection 39, the Superintendent of Consumer Credit Protection may take such action.   [PL 2021, c. 245, Pt. A, §14 (AMD).]SECTION HISTORY PL 1999, c. 145, §1 (NEW). PL 2001, c. 44, §11 (AMD). PL 2001, c. 44, §14 (AFF). PL 2021, c. 245, Pt. A, §14 (AMD).
33 ME Rev Stat § 528 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 1-A: FUNDED SETTLEMENT ACT|33 §528. Privacy duties of settlement agents

 §528. Privacy duties of settlement agents A settlement agent shall comply with the provisions of the federal Gramm-Leach-Bliley Act, 15 United States Code, Section 6801 et seq. (1999) and the applicable implementing federal Privacy of Consumer Information regulations, as adopted by the Office of the Comptroller of the Currency, 12 Code of Federal Regulations, Part 40 (2001); the Board of Governors of the Federal Reserve System, 12 Code of Federal Regulations, Part 216 (2001); the Federal Deposit Insurance Corporation, 12 Code of Federal Regulations, Part 332 (2001); the Office of Thrift Supervision, 12 Code of Federal Regulations, Part 573 (2001); the National Credit Union Administration, 12 Code of Federal Regulations, Part 716 (2001); the Federal Trade Commission, 16 Code of Federal Regulations, Part 313 (2001); or the Securities and Exchange Commission, 17 Code of Federal Regulations, Part 248 (2001), if the settlement agent is a financial institution as defined in those regulations. This section is not intended to permit the release of health care information except as permitted by Title 22, section 1711-C or Title 24-A, chapter 24.   [PL 2001, c. 262, Pt. E, §5 (NEW).]SECTION HISTORY PL 2001, c. 262, §E5 (NEW).
33 ME Rev Stat § 552 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 2: DISCHARGE OF MORTGAGES|33 §552. Validation

 §552. Validation All marginal discharges of mortgages recorded prior to April 1, 1974, duly attested by the register of deeds as being recorded from discharge in margin of original mortgage, are validated and have the same effect as if made as provided in section 551.   [PL 1997, c. 103, §1 (AMD).]SECTION HISTORY PL 1997, c. 103, §1 (AMD).
33 ME Rev Stat § 553 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 9: MORTGAGES OF REAL PROPERTY|Subchapter 2: DISCHARGE OF MORTGAGES|33 §553. Discharge by attorney (REPEALED)

 §553. Discharge by attorney (REPEALED)SECTION HISTORY PL 1993, c. 534, §1 (RP).
33 ME Rev Stat § 560 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §560. Short title

 §560. Short title This chapter shall be known as the "Unit Ownership Act."   [PL 1965, c. 357 (NEW).]SECTION HISTORY PL 1965, c. 357 (NEW).
33 ME Rev Stat § 562 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §562. Application

 §562. Application This chapter shall be applicable only to property, the sole owner or all of the owners of which submit the same to the provisions of this chapter by duly executing and recording a declaration as provided.   [PL 1977, c. 696, §259 (AMD).]SECTION HISTORY PL 1965, c. 357 (NEW). PL 1977, c. 696, §259 (AMD).
33 ME Rev Stat § 563 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §563. Status of units

 §563. Status of units Each unit, together with its undivided interest in the common areas and facilities, shall for all purposes constitute real property.   [PL 1965, c. 357 (NEW).]SECTION HISTORY PL 1965, c. 357 (NEW).
33 ME Rev Stat § 564 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §564. Ownership of units

 §564. Ownership of units Each unit owner shall be entitled to the exclusive ownership and possession of his unit.   [PL 1965, c. 357 (NEW).]SECTION HISTORY PL 1965, c. 357 (NEW).
33 ME Rev Stat § 565 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §565. Common elements

 §565. Common elements 1.  Percentage of ownership.  Each unit owner shall be entitled to an undivided interest in the common areas and facilities in the percentage expressed in the declaration. Such percentage shall be computed by taking as a basis the fair value of the unit at the date of the declaration in relation to the fair value of all the units having an interest in the common areas and facilities.   [PL 1965, c. 357 (NEW).] 2.  Permanent character.  The percentage of the undivided interest of each unit owner in the common areas and facilities as expressed in the declaration shall have a permanent character and shall not be altered without the consent of all of the unit owners expressed in an amended declaration duly recorded. The percentage of the undivided interest in the common areas and facilities shall not be separated from the unit to which it appertains and shall be deemed to be conveyed or encumbered with the unit even though such interest is not expressly mentioned or described in the conveyance or other instrument.   [PL 1965, c. 357 (NEW).] 3.  Undivided.  The common areas and facilities shall remain undivided and no unit owner or any other person shall bring any action for partition or division of any part thereof, unless the property has been removed from the provisions of this chapter. Any covenant to the contrary shall be null and void.   [PL 1965, c. 357 (NEW).] 4.  Use.  Each unit owner may use the common areas and facilities in accordance with the purpose for which they were intended without hindering or encroaching upon the lawful rights of the other unit owners.   [PL 1965, c. 357 (NEW).] 5.  Repairs.  The necessary work of maintenance, repair and replacement of the common areas and facilities and the making of any additions or improvements thereto shall be carried out only as provided and in the declaration and in the bylaws.   [PL 1965, c. 357 (NEW).] 6.  Access for repair.  The association of unit owners shall have the irrevocable right, to be exercised by the manager or board of directors, to have access to each unit from time to time during reasonable hours as may be necessary for the maintenance, repair or replacement of any of the common areas and facilities therein or accessible therefrom, or for making emergency repairs therein necessary to prevent damage to the common areas and facilities or to another unit or units.   [PL 1965, c. 357 (NEW).] SECTION HISTORY PL 1965, c. 357 (NEW).
33 ME Rev Stat § 566 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §566. Compliance with bylaws and rules and regulations

 §566. Compliance with bylaws and rules and regulations Each unit owner shall comply strictly with the bylaws and with the administrative rules and regulations adopted pursuant thereto, and with the covenants, conditions and restrictions set forth in the declaration or in the deed to his unit. Failure to so comply shall be ground for an action to recover damages or for injunctive relief, or both, maintainable by the manager or board of directors on behalf of the association of unit owners or, in a proper case, by an aggrieved unit owner.   [PL 1965, c. 357 (NEW).]SECTION HISTORY PL 1965, c. 357 (NEW).
33 ME Rev Stat § 567 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §567. Certain work prohibited

 §567. Certain work prohibited No unit owner shall do any work which may jeopardize the soundness or safety of the property, reduce the value thereof or impair any easement, right, appurtenance or other hereditament constituting a common area and facility without the unanimous consent of all the other unit owners.   [PL 1965, c. 357 (NEW).]SECTION HISTORY PL 1965, c. 357 (NEW).
33 ME Rev Stat § 568 (2021)
2021 Maine Revised Statutes|TITLE 33: PROPERTY|Chapter 10: UNIT OWNERSHIP|Subchapter 1: UNIT OWNERSHIP|33 §568. Common profits and expenses

 §568. Common profits and expenses The common profits of the property shall be distributed among, and the common expenses shall be charged to the unit owners according to the percentage of the undivided interest in the common areas and facilities.   [PL 1965, c. 357 (NEW).]SECTION HISTORY PL 1965, c. 357 (NEW).