™Your Policy Risk Impact Agent
69 chapters · 1,157 sections in this title.
30-A M.R.S. § 3961 License
0.4K chars
The municipal officers of any municipality may grant licenses to persons of good moral character to be pawnbrokers in the municipality for one year, unless sooner revoked by the municipal officers for violation of law. Whoever carries on such a business without a license commits …
30-A M.R.S. § 3962 Account of business done and disclosure to consumer
2.6K chars
1. Account kept. Every pawnbroker shall maintain records in which the pawnbroker shall enter: A. The date, duration, amount, periodic rate of interest and annual percentage rate of every loan that is made; [PL 1993, c. 59, §2 (AMD).] A-1. The finance charge, due dates for payment…
30-A M.R.S. § 3963 Pawn transaction terms
1.3K chars
1. Maximum finance charge established. A pawnbroker may not directly or indirectly receive a finance charge of greater than 25% per month on that part of a loan that is $500 or less, nor more than 20% per month on that part of a loan that is more than $500, made upon property paw…
30-A M.R.S. § 3964-A Regulation of pawnbrokers
1.8K chars
1. Exemption from state license. A pawnbroker licensed by a municipality pursuant to section 3961 is not required to obtain a supervised lender's license pursuant to Title 9‑A, section 2‑301 in order to engage in pawn transactions. 2. Application of law. Pawnbrokers are subject t…