Public-domain · open source
OpenJurist

Me. Rev. Stat. tit. 24-A, § 3034

Mortgagee's policy void, unless consented to

PL 1969, c. 132, §1 (NEW)

When any mortgagee claims the benefit of sections 3030 to 3033, any policy of insurance that the mortgagee had procured or subsequently procures on the mortgagee's interest in the same property by virtue of the mortgage is void, unless consented to by the insurer insuring the mortgagor's interest.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.