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contract" | insures payment of a mortgagechapter 110, | subchapter II | | authority insures or guarantees an insured certificate, if the | | authority's loan insurance liability for insuring an insured | | certificate is in lieu of and not in addition to its liability for | | insuring that portion of a mortgage loan represented by the insured | | certificate. |
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| | | Sec. 8. 10 MRSA §963-A, sub-§§30 and 31, as enacted by PL 1985, c. 344, | | §7, are repealed. |
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| | | Sec. 9. 10 MRSA §963-A, sub-§36, as enacted by PL 1985, c. 344, §7, is | | amended to read: |
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| | | 36. Loan Insurance Program. "Mortgage | means the program governed by subchapter II |
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| | | Sec. 10. 10 MRSA §963-A, sub-§37, as enacted by PL 1985, c. 344, §7, | | is repealed. |
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| | | Sec. 11. 10 MRSA §963-A, sub-§38, as enacted by PL 1985, c. 344, §7, | | is amended to read: |
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| | | 38. Loan payments. "Mortgage | | required by or received on account of a mortgage or any other | | financial document, including, but not limited to, payments | | covering interest, installments of principal, taxes, assessments, | | loan insurance premiums and hazard insurance premiums. |
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| | | Sec. 12. 10 MRSA §963-A, sub-§44, as enacted by PL 1985, c. 344, §7, | | is amended to read: |
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| | | 44. Project. "Project" means any eligible project or eligible | collateral |
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| | | Sec. 13. 10 MRSA §964, sub-§1, ¶A, as enacted by PL 1983, c. 519, §6, | | is amended to read: |
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| | A. Mortgage |
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| | | Sec. 14. 10 MRSA §964, sub-§1, ¶D, as enacted by PL 1983, c. 519, §6, | | is repealed. |
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| | | Sec. 15. 10 MRSA §964, sub-§1, ¶E, as amended by PL 1985, c. 344, §8, | | is repealed. |
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| | | Sec. 16. 10 MRSA §969-A, sub-§5, as amended by PL 1991, c. 511, Pt. A, | | §3, is further amended to read: |
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