Payday loan laws in Maine

  • Statutory citation: Me. Rev. Stat. tit. 9-A § 2-401.
  • Legal status: Prohibited (Permitted for supervised lenders)

Lending specifications:

  • Small loan charges: 30% per year on amounts up to $2,000. Else, $5 for amounts financed up to $75; $15 for $75.01-$249.99; or $25 for $250 or more.

Complaint cell:

Updated on:

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