State Codes and Statutes
Statutes > Maine > Title9a > Title9-Ach2sec0 > Title9-Asec2-508Title 9-A: MAINE CONSUMER CREDIT CODE
Article 2: FINANCE CHARGES AND RELATED PROVISIONS
Part 5: CONSUMER CREDIT TRANSACTIONS: OTHER CHARGES AND MODIFICATIONS
§2-508. Conversion to open end credit
The parties may agree to add the unpaid balance of a consumer credit transaction not made pursuant to open-end credit to the consumer's open-end credit account with the creditor. The unpaid balance so added is an amount equal to the amount financed determined according to the provisions on finance charge on refinancing, section 2-504. This section does not apply to consumer leases. [1973, c. 762, §1 (NEW).]
SECTION HISTORY
1973, c. 762, §1 (NEW).
