With respect to a consumer credit sale or consumer lease, the creditor may not take a negotiable instrument, other than a currently dated check or a draft payable within 7 days of such sale or lease.
Me. Rev. Stat. tit. 9-A, § 3-307
Certain negotiable instruments prohibited
Known as the Maine Consumer Credit Code
The act spans §§ 1–11 (208 sections).
PL 1973, c. 762, §1 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.