{"data":{"id":"us-me/9-a-m.r.s.-2-701","jurisdiction":"us-me","citation":"9-A M.R.S. §2-701","heading":"Engaging in pretense to evade requirements of this Article prohibited","body":"An entity covered by this Article may not engage in any device, subterfuge or pretense to evade the requirements of this Article, including, but not limited to, making a loan disguised as a personal property sale and leaseback transaction, disguising loan proceeds as a cash rebate for the pretextual installment sale of goods or services or making, offering, assisting or arranging a debtor to obtain a loan with a greater rate of interest, consideration or charge than is permitted by this Article through any method.  A loan made in violation of this Part is void and uncollectible as to any principal, fee, interest or charge.","path":["TITLE 9-A: MAINE CONSUMER CREDIT CODE","PART 7: FRAUDULENT PRACTICES"],"source_url":"https://legislature.maine.gov/statutes/9-A/title9-Asec2-701.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"95106b09174ae6c07c87d9fc8117620b2a3b962bbaf65df6782863c64b95b493","source_id":"us-me","stale":false,"prev":"us-me/9-a-m.r.s.-2-601","next":"us-me/9-a-m.r.s.-2-702"},"notice":"GroundRules: Original legal text. Not legal advice."}