PUBLIC Law Chapter 20

proceeds therefrom with the court and shall mail a copy to the

mortgagor at the mortgagor's last known address. This report

need not be accepted or approved by the court, provided that the

mortgagor or any other party in interest may contest the

accounting by motion filed within 30 days of receipt of the

report, but any such challenge may be for money only and does not

affect the title to the real estate purchased by the highest

bidder at the public sale. Any deficiency must be assessed

against the mortgagor and an execution must be issued by the

court therefor. In the event the mortgagee has been the

purchaser at the public sale, any deficiency is limited to the

difference between the fair market value of the premises at the

time of the public sale, as established by an independent

appraisal, and the sum due the mortgagee as established by the

court with interest plus the expenses incurred in making the

sale. Any surplus must be paid to the mortgagor, the mortgagor's

successors, heirs or assigns in the proceeding. If the mortgagor

has not appeared personally or by an attorney, the surplus must

be paid to the clerk of courts, who shall hold the surplus in

escrow for 6 months for the benefit of the mortgagor, the

mortgagor's successors, heirs or assigns and, if the surplus

remains unclaimed after 6 months, the clerk shall pay the surplus

to the Treasurer of State to be credited to the General Fund

until it becomes ~~abandoned~~ unclaimed under the Uniform Unclaimed

Property Act, and report and pay it to the State in accordance

with that Act.

Sec. T-11. 18 MRSA §1655, as repealed and replaced by PL 1979, c.
641, §5, is amended to read:

§1655. Distribution of balance

When there is in the hands of a public administrator an amount
of money more than is necessary for the payment of the deceased's
debts and for other purposes of administration, if no widow,
widower or heirs of the deceased have been discovered, the
administrator ~~shall~~ must be required by the judge to deposit it
with the Treasurer of State, who shall receive it and dispose of
it according to Title 33, chapter 27 41.

Sec. T-12. 18-A MRSA §3-619, sub-§(e), as repealed and replaced by PL
1981, c. 268, §3, is amended to read:

(e) When there are assets, other than real property,
remaining in the hands of such public administrator after the
payment of the decedent's debts and all costs of administration
and no heirs have been discovered, the public administrator ~~shall~~
must be ordered by the judge to deposit them with the Treasurer
of State, who shall receive them and dispose of them according to
Title 33, chapter 27 41. These assets ~~shall~~ must, for the

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