Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 119 - ALTERNATIVE MORTGAGE TRANSACTIONS
Section 029-119-5 - DISCLOSURE
Universal Citation: 02 ME Code Rules ยง 029-119-5
Current through 2024-38, September 18, 2024
A creditor or financial institution offering alternative mortgage transactions shall disclose in writing to a prospective borrower at the time an application form is provided or before the applicant pays a nonrefundable fee, whichever is earlier, the following information:
A. The terms prescribed by Section 4 [with the exception of § 4(A)(4)] ; and
B. Any additional information required by Federal Reserve Regulation Z, 12 CFR Section 226.19.
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