{"data":{"id":"us-me/9-a-m.r.s.-3-402","jurisdiction":"us-me","citation":"9-A M.R.S. §3-402","heading":"Limitation on default charges","body":"1.   The agreement with respect to a consumer credit transaction may not provide for any charges as a result of default by the consumer, except that the agreement may provide for the following:\nA.  Charges authorized by other provisions of this Act;\nB.  Notwithstanding section 2‑507, reasonable charges incurred in realizing on a security interest in personal property securing a consumer loan, consumer lease or a consumer credit sale, other than attorney's fees; and\nC.  Notwithstanding section 2‑507, reasonable attorney's fees, legal expenses and other reasonable costs incurred in realizing on real property securing a consumer loan or a consumer credit sale.\n2.   A provision in violation of this section is unenforceable.\n3.   Notwithstanding subsections 1 and 2, a creditor that complies with Title 14, sections 6071 and 6073 is entitled to the remedies provided in those sections when an instrument that the creditor has taken in connection with a consumer loan, consumer lease or consumer credit sale is dishonored.","path":["TITLE 9-A: MAINE CONSUMER CREDIT CODE","PART 4: LIMITATIONS ON CONSUMER'S LIABILITY"],"source_url":"https://legislature.maine.gov/statutes/9-A/title9-Asec3-402.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"b832300150588f886e461fab7886f706152c5b0c1291c09607d9fe4ed2bf5c59","source_id":"us-me","stale":false,"prev":"us-me/9-a-m.r.s.-3-401","next":"us-me/9-a-m.r.s.-3-403"},"notice":"GroundRules: Original legal text. Not legal advice."}