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131 chapters · 1,761 sections in this title.
32 M.R.S. § 6191 Short title
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This chapter may be known and cited as "the Foreclosure Purchasers Act."
32 M.R.S. § 6192 Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2007, c. 596, §1 (NEW).] 1. Administrator. "Administrator" means the Superintendent of Consumer Credit Protection within the Department of Professional and Financ…
32 M.R.S. § 6193 License required; license requirements; fees
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A foreclosure purchaser may not engage in the business of foreclosure purchasing in this State without first obtaining a license from the administrator, except that a supervised financial organization as defined in Title 9‑A, section 1‑301, subsection 38‑A is not required to be l…
32 M.R.S. § 6194 Contract requirements
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1. Written contract required. A foreclosure purchaser shall enter into a foreclosure reconveyance in the form of a written contract. The contract must be written in at least 12-point boldface type in the same language principally used by the foreclosure purchaser and foreclosed h…