Me. Rev. Stat. » Title 9-A
Maine Revised Statutes

Me. Rev. Stat. tit. 9-A, § 1-109 (2026)

Transactions subject to Act by agreement

✓ current as of May 2026
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The parties to a sale, lease or loan, or modification thereof, which is not a consumer credit transaction, may agree in a writing signed by the parties that the transaction is subject to the provisions of this Act applying to consumer credit transactions. If the parties so agree, the transaction is a consumer credit transaction for the purposes of this Act.   [PL 1973, c. 762, §1 (NEW).]
SECTION HISTORY
PL 1973, c. 762, §1 (NEW).
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Notes of Decisions
Cited in 1 case, 1984–1984 · leading case: Bezanson v. St. Pierre Credit Union (In Re Keene), 42 B.R. 239 (Bankr. D. Me. 1984).
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Bezanson v. St. Pierre Credit Union (In Re Keene), 42 B.R. 239 (Bankr. D. Me. 1984). “9-A M.R.S.A. § 1-109 (1980). The note between the debtor and the credit union contained such an agreement.”
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