Maine

State Payday Loan Law Information

Payday loans are not permitted.  There is a small loan rate cap which is 30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75.  The rate changes to $15 for amounts financed between $75.01-$249 and $25 for amounts financed from $250 or more.

 

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