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Current as of January 01, 2025 | Updated by Findlaw Staff
1. Application. Except as provided in subsection 2, this chapter applies to any agreement signed in connection with a consumer loan or consumer lease entered into in this State between a consumer who is a resident of this State at the time of the loan or lease and a supervised lender or lessor.
2. Exclusions. This chapter does not apply:
A. To consumer loans or consumer leases in which the amount financed or in the case of consumer leases, the capitalized cost of the leased property, exceeds $100,000; and
B. To language or arrangement which is specifically required by federal or state law, regulation or official agency interpretation; or to agreements, the form or any part of which is required by any governmental instrumentality as a condition of the assignability of the agreement.
Cite this article: FindLaw.com - Maine Revised Statutes Title 10. Commerce and Trade § 1123. Scope - last updated January 01, 2025 | https://codes.findlaw.com/me/title-10-commerce-and-trade/me-rev-st-tit-10-sect-1123/
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