Maine Statutes
§ 9-B §432 — Interest on loans
Maine § 9-B §432
JurisdictionMaine
Title 9-BFINANCIAL INSTITUTIONS
Part 4POWERS AND DUTIES OF FINANCIAL INSTITUTIONS
Ch. 43LOANS IN GENERAL
This text of Maine § 9-B §432 (Interest on loans) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 9-B, § 9-B §432 (2026).
Text
1.Interest absent in writing.
The maximum legal rate of interest on a loan made by a financial institution, in the absence of an agreement in writing establishing a different rate, shall be 6 percent per year.
2.Interest: noncommercial or consumer loans.
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Legislative History
PL 1975, c. 500, §1 (NEW).
Nearby Sections
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Surplus fund§ 9 §1046
Borrowing capacityCite This Page — Counsel Stack
Bluebook (online)
Maine § 9-B §432, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/9-B%20%C2%A7432.