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66 chapters · 278 sections in this title.
9-B M.R.S. § 851 Loans in general
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1. Authorization. A credit union may make, sell, purchase, arrange, participate in, invest in and otherwise deal in loans to its members for any purpose in accordance with the provisions of this chapter. 2. Applicability of other sections. In addition, a credit union is subject t…
9-B M.R.S. § 852 Loan applications
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1. General procedures. All applications for loans shall be made in writing, and shall state the purpose for which the loan is desired and the security, if any, offered. 2. Real estate mortgage loans.
9-B M.R.S. § 854 Loans
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1. Authorization; limitations. It is the duty of the board of directors to establish the policies of the credit union with respect to the granting of loans and the extending of lines of credit, including the maximum amount that may be loaned to any one member. A loan may not be m…
9-B M.R.S. § 855 Real estate mortgage loans
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1. Limitations. A credit union may make loans to its members secured by a mortgage on real estate located within this State, subject to the following conditions and limitations. A. The total liability of any member upon loans within this section shall be as established in section…