Regulator Details

Maine Office of Consumer Credit Regulation

Department of Professional and Financial Regulation
35 State House Station
Augusta, ME 04333
Phone: (207) 624-8527
Fax: (207) 582-7699
Contact: William N. Lund Director

Maine Payday Loan Laws

Payday Hound's Top Maine Lender

Ace Cash Express

5 Rating
The Payday Hound Rating
  • Large established lender. A+ BBB Score.
  • Multiple loan options. Physical store fronts.
  • State Licensed. Based in TX. Since 1968.

Maine Payday Loan Laws Details

The data provided here is for general informational purposes and should not be used as legal reference. If you have questions regarding Maine payday loan laws contact the Maine Office of Consumer Credit Regulation.

Payday loans are permitted for supervised lenders in Maine (see Maine Payday Loans or Maine Installment Loans to compare fees and requirements for individual lenders).

Feature Specification
Amount (max)
Rates or Fees (max) (Small Loan Rate Cap)30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 for amounts financed $75.01-$249.99; or $25 for amounts financed of $250 or more.
Term Limitations
General Loan Terms

Maine regulations mention nothing about rollovers. Nothing is mentioned about cooling periods between loans. Maine has no requirements for extended repayment plans.

For example, in Maine the rates and fees on a 14 day, $100 loan are:

Terms Amount
Loan Amount $100
Sample Loan Terms
Finally, a more detailed excerpt from Maine's statutes on finance charges is listed below. In general the tables above summarize this.


Citation: Maine's UCCC and Me. Rev. Stat. tit. 9-A Section 2-401., Rev. Stat. Ann. tit 9-A Section1-201, Me. Rev. Stat. Ann. tit.  9-A Section1-301. Supervised Lenders are exempt from 32 Me. Rev. Stat. Section 6138(4)(D) which prohibits a check casher from cashing or advancing any money on a postdated check.