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Me. Rev. Stat. tit. 9-A, § 12-103

Application of law

PL 2007, c. 394, §1 (NEW)

1. This article does not apply to an advance made by a consumer's attorney to pay for expenses related to preparation for trial.

2. Legal funding that is made pursuant to this article is not a consumer credit transaction as defined in section 1‑301, subsection 12.

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.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.