Maine Revised Statutes

Me. Rev. Stat. tit. 14, § 6204-A (2026)

Disposition of proceeds of foreclosure sale

✓ current as of May 2026

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(REPEALED)

SECTION HISTORY

PL 1975, c. 552, §4 (NEW). PL 1989, c. 829, §1 (RP).

Notes of Decisions

Cited in 4 cases, 1980–1989 · leading case: Atl. Oceanic Kampgrounds, Inc. v. Camden Nat'l Bank, 473 A.2d 884 (Me. 1984).

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Atl. Oceanic Kampgrounds, Inc. v. Camden Nat'l Bank, 473 A.2d 884 (Me. 1984). · cites it 16× “Plaintiff relies on 14 M.R.S.A. § 6204-A (1980), [1] enacted in 1975, as authority *886 for the maintenance of its claim.”

N.A. Burkitt, Inc. v. J.I. Case Co., 597 F. Supp. 1086 (D. Me. 1984). “In that case the majority had declined to address the constitutionality under the contract clause of the retroactive application of 14 M.R.S.A. § 6204-A, a statute providing for rebate to the mortgagee by the mortgagor of any surplus funds from a mortgáge foreclosure sale.”

Casco Bank & Trust Co. v. Emery, 416 A.2d 261 (Me. 1980). “It thereafter contracted to sell the Kittery property at a price substantially in excess of the mortgage obligation; under 14 M.R.S.A. § 6204-A (1980) any surplus arising from the completed sale, less allowances retained by the mortgagee, must be rendered to “the mortgagor or…”

Hammond v. Stiles, 567 A.2d 444 (Me. 1989). “In Kampgrounds, we held that because strict foreclosure pursuant to Section 6203 “do[es] not involve a sale of the mortgaged premises as part of the procedure leading to extin-guishment of the mortgagor’s interest,” there is no duty on the part of the mortgagee under 14 M.R.S.A.…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.