{"data":{"id":"us-me/9-a-m.r.s.-9-313","jurisdiction":"us-me","citation":"9-A M.R.S. §9-313","heading":"Rate locks","body":"If a supervised lender charges a consumer a fee to lock in a certain interest rate for a certain length of time, that supervised lender shall:\n1.   Take steps that are necessary to actually secure or guarantee the specified rate for the appropriate length of time;\n2.   Select a time period within which the loan can reasonably be expected to close; and\n3.   Use good faith efforts to close the loan within the rate lock period.","path":["TITLE 9-A: MAINE CONSUMER CREDIT CODE","PART 3: REGULATION OF AGREEMENTS AND PRACTICES"],"source_url":"https://legislature.maine.gov/statutes/9-A/title9-Asec9-313.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"998a98b3535bf89540234a987210a3e22af718d4cce5401fc82259ed69ba975d","source_id":"us-me","stale":false,"prev":"us-me/9-a-m.r.s.-9-312","next":"us-me/9-a-m.r.s.-9-314"},"notice":"GroundRules: Original legal text. Not legal advice."}