Me. Stat. tit. 9-A § 12-103

Current through 131st (2023-2024) Legislature Chapter 684

Section 12-103 - Application of law

1. This article does not apply to an advance made by a consumer's attorney to pay for expenses related to preparation for trial.

[2007, c. 394, §1(NEW); 2007, c. 394, §3(AFF).]

2. Legal funding that is made pursuant to this article is not a consumer credit transaction as defined in section 1-301, subsection 12.

[2007, c. 394, §1(NEW); 2007, c. 394, §3(AFF).]

3. An advance made to a consumer other than pursuant to the terms of this article is a supervised loan as defined in section 1-301, subsection 40.

[2007, c. 394, §1(NEW); 2007, c. 394, §3(AFF).]

9-A M.R.S. § 12-103

2007, c. 394, § 1 (NEW) . 2007, c. 394, § 3 (AFF) .