Maine Revised Statutes Title 9-A Sec. 12-103 – Application of law
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1. This article does not apply to an advance made by a consumer‘s attorney to pay for expenses related to preparation for trial.
[PL 2007, c. 394, §1 (NEW); PL 2007, c. 394, §3 (AFF).]
Terms Used In Maine Revised Statutes Title 9-A Sec. 12-103
- Consumer: means a person or entity residing or domiciled in this State with a pending civil claim or action and represented by an attorney. See Maine Revised Statutes Title 9-A Sec. 12-102
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
2. Legal funding that is made pursuant to this article is not a consumer credit transaction as defined in section 1?301, subsection 12.
[PL 2007, c. 394, §1 (NEW); PL 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.
[PL 2007, c. 394, §1 (NEW); PL 2007, c. 394, §3 (AFF).]
SECTION HISTORY
PL 2007, c. 394, §1 (NEW). PL 2007, c. 394, §3 (AFF).