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Chapter 454M

18 sections

§454M-1 Definitions for mortgage and timeshare rules

§454M-2 Mortgage servicing license required

§454M-2.5 Foreclosure actions by unlicensed servicers are void

§454M-3 Who is exempt from this mortgage law

§454M-4 Mortgage servicer licenses, fees, renewals, and bonds

§454M-5 Mortgage servicer duties: fair dealing, payments, escrow, and records

§454M-5.5 Mortgage servicers must work with borrowers to avoid foreclosure

§454M-6 What mortgage servicers are not allowed to do

§454M-7 What happens to a license when rules are broken

§454M-8 Commissioner's powers over mortgage servicers

§454M-8.3 Confidentiality of mortgage information

§454M-8.5 State can investigate and examine mortgage licensees

§454M-8.7 Enforcement authorities

§454M-9 Private right to sue

§454M-10 Penalty for breaking mortgage rules

§454M-11 Where collected fees and fines go

§454M-12 Getting approval for a change in control of a licensee

§454M-13 When someone is considered to control a business