Financial institutions may make loans to any person or persons to be secured by a mortgage of a unit or units together with their allocated interests, created pursuant to this chapter, to the extent that each of them may make loans secured by real estate mortgages, and subject to the applicable conditions and limitations imposed by law.
Me. Rev. Stat. tit. 33, § 1601-115
Legal investments
Known as the Maine Condominium Act
The act spans §§ 1601-101 to 1604-118 (75 sections).
PL 1981, c. 699 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.