{"data":{"id":"us-me/33-m.r.s.-503","jurisdiction":"us-me","citation":"33 M.R.S. §503","heading":"Property insurance","body":"No person or financial institution making a residential mortgage loan for one to 4 residential units may, as a condition of the mortgage or as a term of the mortgage deed, require that the mortgagor carry property insurance on the property which is the subject of the mortgage in excess of the replacement cost of any buildings or appurtenances subject to the mortgage.","path":["TITLE 33: PROPERTY","CHAPTER 9: MORTGAGES OF REAL PROPERTY","SUBCHAPTER 1: GENERAL PROVISIONS"],"source_url":"https://legislature.maine.gov/statutes/33/title33sec503.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:39Z","sha256":"7513790f5d187d3efaa8f21b990e6403ec09889f78bf7dc3be6e820e522fd1b8","source_id":"us-me","stale":false,"prev":"us-me/33-m.r.s.-502","next":"us-me/33-m.r.s.-504"},"notice":"GroundRules: Original legal text. Not legal advice."}