2014 Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 12: LEGAL FUNDING PRACTICES
§12-103. Application of law
§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) .]
SECTION HISTORY
2007, c. 394, §1 (NEW). 2007, c. 394, §3 (AFF).
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