§12-103. Application of law
111 words·~1 min read·
/me/title-9-a-maine-consumer-credit-code/12-103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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).]
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).]