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§ 3.306 — Maine Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maine/
  4. Title 9-a - : Maine Consumer Credit Code/
  5. Article 3 - : Regulation of Agreements and Practices/
  6. Part 3 - : Limitations on Agreements and Practices9-a §3-301. Security in Sales or Leases/
  7. § 3.306
Maine Legal Code

§ 3.306

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§3-306. Authorization to confess judgment prohibited No agreement for a consumer credit transaction may contain an authorization for any person to confess judgment on any claim. No seller or lessor may take such an authorization. Any such authorization is void. [PL 1973, c. 762, §1 (NEW).]SECTION HISTORY PL 1973, c. 762, §1 (NEW).