Me. Stat. tit. 33 § 504 : PROPERTY — MORTGAGES OF REAL PROPERTY — GENERAL PROVISIONS — Interest on residential mortgage escrow accounts TEXT PDF 1. Loan provisions required. A mortgage deed resulting from a mortgage loan must contain provisions for payment of interest on the escrow balance in accordance with Title 9-B, section 429 if: A. The mortgage is on owner-occupied residential property of not more than 4 units; and [ 1991, c. 118, §1 (NEW).] B. The loan or note requires payments into a mandatory escrow account. [ 1991, c. 118, §1 (NEW).] [ 1991, c. 118, §1 (NEW).] 2. Applicability. The requirements of this section apply to any residential mortgage deed dated on or after January 1, 1992. [ 1991, c. 118, §1 (NEW).] 33 M.R.S. § 504 1991, c. 118, § 1 (NEW) .