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:

• Regulator: Maine Bureau of Consumer Credit Protection
• Address: Department of Professional and Financial Regulation
• Phone: 207-624-8527
• Fax: 207-582-7699
• Toll free: 800-332-8529
• Regulatory Contact: William N. Lund, Superintendent
• Website: https://www.maine.gov/pfr/consumercredit/index.shtml
• File complaint: https://www.maine.gov/pfr/consumercredit/complaint.htm