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Maine · Through October 1, 2025

9-A M.R.S. §9-314: Prepayment penalty riders

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Where this section sits in the code
  1. TITLE 9-A: MAINE CONSUMER CREDIT CODE
  2. PART 3: REGULATION OF AGREEMENTS AND PRACTICES

A supervised lender may not impose a prepayment penalty provision through use of a rider or amendment to the loan contract if the terms of the loan contract state that no such prepayment penalty may be imposed or that such a penalty is not specifically authorized under state law.

Collected 2026-09-04T15:12:24Z. Source file · JSON

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