This bill modifies consumer credit payment requirements in Maine, allowing for unequal payments in simple interest transactions.

This bill amends Maine's consumer credit laws by excluding certain simple interest transactions from the requirement that all payments be substantially equal. Specifically, it allows for payments that are no more than 50% greater than any other payment in simple interest transactions. This change provides additional financing options to consumers in the state.

This bill modifies consumer credit payment requirements in Maine, allowing for unequal payments in simple interest transactions.

This bill amends Maine's consumer credit laws by excluding certain simple interest transactions from the requirement that all payments be substantially equal. Specifically, it allows for payments that are no more than 50% greater than any other payment in simple interest transactions. This change provides additional financing options to consumers in the state.