{"data":{"id":"us-me/33-m.r.s.-504","jurisdiction":"us-me","citation":"33 M.R.S. §504","heading":"Interest on residential mortgage escrow accounts","body":"1.  Loan provisions required.  A mortgage deed resulting from a mortgage loan must contain provisions for payment of interest on the escrow balance in accordance with Title 9‑B, section 429 if:\nA.  The mortgage is on owner-occupied residential property of not more than 4 units; and\nB.  The loan or note requires payments into a mandatory escrow account.\n2.  Applicability.  The requirements of this section apply to any residential mortgage deed dated on or after January 1, 1992.","path":["TITLE 33: PROPERTY","CHAPTER 9: MORTGAGES OF REAL PROPERTY","SUBCHAPTER 1: GENERAL PROVISIONS"],"source_url":"https://legislature.maine.gov/statutes/33/title33sec504.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:39Z","sha256":"84eb3c1ab8f3719486dc3180cbe1ee917e7076bfa0da0635fa773ebaf6eb286c","source_id":"us-me","stale":false,"prev":"us-me/33-m.r.s.-503","next":"us-me/33-m.r.s.-505"},"notice":"GroundRules: Original legal text. Not legal advice."}