02-029-119 Me. Code R. § 5

Current through 2024-51, December 18, 2024

Section 029-119-5 - DISCLOSURE

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.

02-029 C.M.R. ch. 119, § 5