Maine Revised Statutes Title 9-A. Maine Consumer Credit Code § 12-105. Fee requirements

1. A litigation funding provider may not assess fees for any period exceeding 42 months from the date of the contract with the civil litigant.

2. Fees assessed by a litigation funding provider may compound semiannually but may not compound based on any lesser time period.

3. In calculating the annual percentage fee or rate of return, a litigation funding provider must include all charges payable directly or indirectly by the consumer, and must compute the rate based only on amounts actually received and retained by a consumer.