Maine Revised Statutes

§11462. Loans to minors

Notwithstanding any other law, if the borrower on a loan made or insured under this program is a minor, an otherwise valid note or other written agreement executed by the borrower for the purpose of the loan creates a binding obligation. [1991, c. 824, Pt. A, §35 (NEW).]

SECTION HISTORY
1991, c. 824, §A35 (NEW).