LD201 — An Act To Establish A Limit On The Interest Rate Charged For Revolving Loans

LD201 — An Act To Establish A Limit On The Interest Rate Charged For Revolving Loans · Informed CitizenryThis act amends Maine law regarding finance charges for revolving loans. Specifically, it modifies 9-A MRSA §2-202, sub-§7, stating that a creditor cannot impose a finance charge exceeding 24.9%…Open in Informed Citizenry