Maine

Legal Status

Legal

Citation

Me. Rev. Stat. tit. 9-A § 2-201

Loan Terms

Maximum Loan Amount: $2,000

Loan Term: Not specified

Maximum Finance Rate and Fees: The lender may contract for and receive a minimum charge of no more than: $5 when the loan amount is $75 or less, $15 when the loan amount is $76-$249, and $25 when the loan amount is $250 or more.

Finance Charge for 14-day $100 Loan: $15

APR for 14-day $100 Loan: 391%