Code of Maine Rules
99 - INDEPENDENT AGENCIES
346 - MAINE STATE HOUSING AUTHORITY
Chapter 1 - HOME MORTGAGE PROGRAM RULE
Section 346-1-11 - Underwriting Standards
Universal Citation: 99 ME Code Rules ยง 346-1-11
Current through 2024-13, March 27, 2024
Lenders must approve or reject Mortgage Loan applications according to prudent lending practices they use in making other residential mortgage loans in the State of Maine, standard privatemortgage insurance requirements, the Procedural Guide, the Mortgage Purchase Agreement, and the requirements of any applicable federal mortgage insurance or guaranty program.
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