This subchapter applies to transactions: [PL 1999, c. 145, §1 (NEW).]
1. Purposes. That are incurred primarily for personal, family or household purposes;
2. Not open-end credit. That are not open-end credit as that term is defined in Title 9‑A, section 1‑301, subsection 26;
3. Not involving multiple advances. That do not contemplate multiple advances of funds as set forth in or required by the terms of the loan documents;
4. Location of lender or closing. When the lending office or branch from which the loan is made is located in this State or the loan closing occurs within this State; and
5. Secured by mortgages. That are secured by mortgages on real estate containing not more than 4 residential dwelling units.