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17 chapters · 281 sections in this title.
9-A M.R.S. § 12-101 Short title
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This article may be known and cited as "the Maine Consumer Credit Code Legal Funding Practices."
9-A M.R.S. § 12-102 Definitions
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As used in this article, unless the context otherwise indicates, the following terms have the following meanings. [PL 2007, c. 394, §1 (NEW); PL 2007, c. 394, §3 (AFF).] 1. "Consumer" means a person or entity residing or domiciled in this State with a pending civil claim or actio…
9-A M.R.S. § 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. 2. Legal funding that is made pursuant to this article is not a consumer credit transaction as defined in section 1‑301, subsection 12. 3. An advance m…
9-A M.R.S. § 12-104 Requirements for legal funding contracts
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The following provisions govern the legal funding contracts used by a litigation funding provider. [PL 2007, c. 394, §1 (NEW); PL 2007, c. 394, §3 (AFF).] 1. All contracts must be written in a clear and coherent manner using words with common, everyday meanings to enable the aver…