There is a newer version of the Maine Revised Statutes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 §3-307. Certain negotiable instruments prohibited
9-A ME Rev Stat § 3-307 (2011 through 125th Legis) What's This?
Part 3: LIMITATIONS ON AGREEMENTS AND PRACTICES
§3-307. Certain negotiable instruments prohibited
With respect to a consumer credit sale or consumer lease, the creditor may not take a negotiable instrument, other than a currently dated check or a draft payable within 7 days of such sale or lease. [1981, c. 243, §18 (AMD).]
SECTION HISTORY
1973, c. 762, §1 (NEW). 1981, c. 243, §§18,26 (AMD). 1981, c. 551, §3 (AMD).
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