Maine Revised Statutes

§12-103. Application of law

1.   This article does not apply to an advance made by a consumer's attorney to pay for expenses related to preparation for trial.
[ 2007, c. 394, §1 (NEW); 2007, c. 394, §3 (AFF) .]
2.   Legal funding that is made pursuant to this article is not a consumer credit transaction as defined in section 1-301, subsection 12.
[ 2007, c. 394, §1 (NEW); 2007, c. 394, §3 (AFF) .]
3.   An advance made to a consumer other than pursuant to the terms of this article is a supervised loan as defined in section 1-301, subsection 40.
[ 2007, c. 394, §1 (NEW); 2007, c. 394, §3 (AFF) .]
SECTION HISTORY
2007, c. 394, §1 (NEW). 2007, c. 394, §3 (AFF).