§9-314. Prepayment penalty riders
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/me/title-9-a-maine-consumer-credit-code/9-314·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A supervised lender may not impose a prepayment penalty provision through use of a rider or amendment to the loan contract if the terms of the loan contract state that no such prepayment penalty may be imposed or that such a penalty is not specifically authorized under state law. [PL 2007, c. 273, Pt. A, §28 (NEW); PL 2007, c. 273, Pt. A, §41 (AFF).]