Me. Rev. Stat. » Title 9-A
Maine Revised Statutes

Me. Rev. Stat. tit. 9-A, § 9-201 (2026)

Authority to make or service supervised loans; licensing

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The provisions of sections 2‑301 to 2‑304 control the authority of supervised lenders and mortgage loan servicers that are not supervised financial organizations to make or service loans governed by this Article.   [PL 2017, c. 106, §11 (AMD).]
SECTION HISTORY
PL 1987, c. 396, §12 (NEW). PL 2017, c. 106, §11 (AMD).
Notes of Decisions
Cited in 1 case, 1997–1997 · leading case: St. Jean v. Racal Mortg., 952 F. Supp. 22 (D. Me. 1997).
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St. Jean v. Racal Mortg., 952 F. Supp. 22 (D. Me. 1997). “The prohibition against unlicensed lending in 9-A M.R.S.A. § 9-201 does not apply to the Raeal-Bullock transaction because Racal was not a creditor at the time the loan was made to the Bullocks.”
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