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§ 3.307 — 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. § 3.307
Maine Legal Code

§ 3.307

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§3-307. Certain negotiable instruments prohibited With respect to a consumer credit sale or consumer lease, the creditor may not take a negotiable instrument, other than a currently dated check or a draft payable within 7 days of such sale or lease. [PL 1981, c. 243, §18 (AMD).]SECTION HISTORY PL 1973, c. 762, §1 (NEW). PL 1981, c. 243, §§18,26 (AMD). PL 1981, c. 551, §3 (AMD).