Loans

13 M.R.S. § 1759, under COOPERATIVES.

13 M.R.S. § 1759

Any lender is authorized to make loans secured by shares in a cooperative affordable housing corporation, including limited equity cooperatives. For purposes of Title 9‑A, section 1‑202, subsection 8, a loan secured by shares of a cooperative affordable housing corporation must be considered a loan secured by a mortgage on real estate.