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Maine Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 6% unless otherwise agreed (Tit. 9-B §432) |
| Penalty for Usury (Unlawful Interest Rate) | - |
| Interest Rates on Judgments | Before judgment: U.S. Treasury Bill rate plus 6% unless contracted, then contract rate (Tit. 14 §1602-B); after judgment: U.S. Treasury rate plus 6% unless contracted, then contract rate (Tit. 14 §1602-C) |
| Exceptions | Pawnbrokers (Tit. 30-A §3963); secured transactions (Tit. 11 §9-1201); consumer credit (Tit. 9-A §2-201) |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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- Official State Codes - Links to the official online statutes (laws) in all 50 states and DC.
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