33 §523. Applicability

This subchapter applies to transactions: [PL 1999, c. 145, §1 (NEW).] 1. Purposes. That are incurred primarily for personal, family or household purposes; [PL 1999, c. 145, §1 (NEW).] 2. Not open-end credit. That are not open-end credit as that term is defined in Title 9‑A, section 1‑301, subsection 26 ; [PL 1999, c. 145, §1 (NEW).] 3. Not involving multiple advances. That do not contemplate multiple advances of funds as set forth in or required by the terms of the loan documents; [PL 1999, c. 145, §1 (NEW).] 4. Location of lender or closing. When the lending office or branch from which the loan is made is located in this State or the loan closing occurs within this State; and [PL 1999, c. 145, §1 (NEW).] 5. Secured by mortgages. That are secured by mortgages on real estate containing not more than 4 residential dwelling units. [PL 1999, c. 145, §1 (NEW).]