There is a newer version of the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 3: REGULATION OF AGREEMENTS AND PRACTICES
9-A §3-306. Authorization to confess judgment prohibited
9-A ME Rev Stat § 3-306 (2011 through 125th Legis) What's This?
Part 3: LIMITATIONS ON AGREEMENTS AND PRACTICES
§3-306. Authorization to confess judgment prohibited
No agreement for a consumer credit transaction may contain an authorization for any person to confess judgment on any claim. No seller or lessor may take such an authorization. Any such authorization is void. [1973, c. 762, §1 (NEW).]
SECTION HISTORY
1973, c. 762, §1 (NEW).
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