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State News: Maine
Legislation
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An Act To Enhance Consumer Protections in Relation to Certain Mortgages
Law number: Public Law 49 of 2003
Enacted: 09/13/03
Report: Predatory Mortgages in Maine, Feb 2006. Maine's current legal framework lags behind other states and is inadequate to protect Mainers.
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The 2007 Defense Authorization Bill includes an amendment mandating a 36% rate cap on loans to service members. More >
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