§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).
Structure Maine Revised Statutes
TITLE 9-A: MAINE CONSUMER CREDIT CODE
Article 3: REGULATION OF AGREEMENTS AND PRACTICES
Part 3: LIMITATIONS ON AGREEMENTS AND PRACTICES
9-A §3-301. Security in sales or leases
9-A §3-303. Debt secured by cross-collateral
9-A §3-304. Use of multiple agreements
9-A §3-305. No assignment of earnings
9-A §3-306. Authorization to confess judgment prohibited
9-A §3-307. Certain negotiable instruments prohibited
9-A §3-308. Schedule of payments; balloon payments
9-A §3-310. Variable rate transactions
9-A §3-311. Consumer's choice of attorney in residential mortgage transaction
9-A §3-312. Interest to be paid on funds held in escrow
9-A §3-313. Real estate appraisals; copies
9-A §3-314. Privacy of consumer financial information
9-A §3-315. Choice of accounting, tax or attest services provider