§8-508. Authority of administrator The administrator, by rule or order, shall prohibit acts or practices in connection with: [PL 2011, c. 427, Pt. A, §15 (NEW).]1. Unfair or deceptive mortgage loans. The making of a residential mortgage loan that the administrator finds unfair, deceptive or designed to evade the provisions of section 8‑506; and [PL 2011, c. 427, Pt. A, §15 (NEW).] 2. Refinancing; abusive lending practices. The refinancing of a residential mortgage loan that the administrator finds is associated with abusive lending practices or that is otherwise not in the interest of the borrowing public. [PL 2011, c. 427, Pt. A, §15 (NEW).] Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2011, c. 427, Pt. A, §15 (NEW).]SECTION HISTORY PL 2011, c. 427, Pt. A, §15 (NEW).
Maine Legal Code