There is a newer version of the Maine Revised Statutes
2005 Maine Code - §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. [2005, c. 161, §1 (new).]
Section History:
PL 2005, Ch. 161, §1 (NEW).
PL 2005, Ch. 211, §1 (NEW).
RR 2005, Ch. 1, §16 (RAL).
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