Maine Supervised Loan Collection Check

Live. Collecting a Maine consumer loan? 9-A 2-401 caps (30/24/18% blend, 18% over $8,000); unlicensed lender: borrower not obligated to pay (5-201).

Collecting a Maine online, installment or payday-style consumer loan? Checks each loan and contact against the Maine Consumer Credit Code: a supervised lender may charge no more than the 9-A M.R.S. 2-401 blended cap (30% to $2,000, 24% to $4,000, 18% above, or 18% on loans over $8,000); an unlicensed non-bank lender making supervised loans leaves the borrower not obligated to pay (9-A 5-201), and excess charges are not collectable. Flags collecting unenforceable debt or excess charges (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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