Mortgage Lending in Maine: Top 11 Changes to Maine’s Mortgage Flipping Rules

On December 7, the Maine Bureau of Credit Protection (BCCP) and the Maine Bureau of Financial Institutions announced significant amendments to BCCP Chapter 550, the state regulation prohibiting mortgage lenders from “flipping” high cost or higher-priced mortgages. The changes conform to a recently enacted State law. Here are the Top 11 changes.

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