Applicability — Maine Code § 523.
Maine Code § 523. — Applicability. Reproduced from the official Maine Revised Statutes, with a citation summary, verification link, and related provisions.
§ 523.. Applicability
This subchapter applies to transactions: [PL 1999, c. 145, §1 (NEW).]
1. Purposes. That are incurred primarily for personal, family or household purposes;
2. Not open-end credit. That are not open-end credit as that term is defined in Title 9‑A, section 1‑301, subsection 26;
3. Not involving multiple advances. That do not contemplate multiple advances of funds as set forth in or required by the terms of the loan documents;
4. Location of lender or closing. When the lending office or branch from which the loan is made is located in this State or the loan closing occurs within this State; and
5. Secured by mortgages. That are secured by mortgages on real estate containing not more than 4 residential dwelling units.
Source: official Maine text · Last verified 2026-08-27
At a glance
- Citation: Maine Revised Statutes § 523.
- Jurisdiction: Maine
- Code: Maine Revised Statutes
- Subject: Applicability
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Maine Revised Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Maine attorney.
Common questions
What is the source of Maine Revised Statutes § 523.?
The text above is transcribed from the Maine Revised Statutes, the codified statutes of Maine. The official publisher link appears under "Verify the text" on this page.
What subject does Maine Revised Statutes § 523. address?
It addresses "Applicability". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Maine Revised Statutes § 523. still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Maine source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Maine law to your facts requires a licensed Maine attorney who can review the specifics.