Maine legislation · 132nd Legislature
Maine LD2056: An Act to Provide Additional Financing Options to Consumers in the State
Status: Failed, April 29, 2026
What the bill says
An Act to Provide Additional Financing Options to Consumers in the State" Amend the bill in section 1 in subsection 1 in paragraph C in the last line (page 1, line 12 in L.D.) by inserting after the following: "payment" the following: '. The exclusion provided in this paragraph may be implemented only once over the life of the loan' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 1166 This amendment limits the ability of a creditor to increase the amount of a scheduled 1177 payment more than the amount of other schedu.
From the engrossed text:
An Act to Provide Additional Financing Options to Consumers in the State" Amend the bill in section 1 in subsection 1 in paragraph C in the last line (page 1, line 12 in L.D.) by inserting after the following: "payment" the following: '. The exclusion provided in this paragraph may be implemented only once over the life of the loan' Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively. SUMMARY 1166 This amendment limits the ability of a creditor to increase the amount of a scheduled 1177 payment more than the amount of other scheduled payments to one time over the life of the 1188 loan. 1199 SPONSORED BY: ___________________________________ 2200 (Representative MATHIESON, K.) 2211 TOWN: Kittery Page 1 - 132LR2897(03) HOUSE AMENDMENT
Sponsors
- Curry, Chip (D, 11) · primary sponsor
Latest actions
- : The Bill was in the possession of the House when the Legislature adjourned Sine Die and was placed in the Legislative Files. (DEAD)
- : Unfinished Business