Car Title Loans in Maine2026 Guide
Car title loans are prohibited in Maine under the Consumer Credit Code (Me. Rev. Stat. tit. 9-A). Learn state interest rate caps, consumer protection standards, and legal alternatives in 2026.
Legal Status & Regulations
Governing Law
Me. Rev. Stat. tit. 9-A
Last Reviewed: April 2026
Law Summary
High-interest car title loans are banned in Maine under the Maine Consumer Credit Code (Me. Rev. Stat. tit. 9-A), supervised by the Bureau of Consumer Credit Protection. Strict rate caps protect state residents from high-cost vehicle-secured debt.
Real Rate Example in Maine
A $1,500 loan in Maine at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
Ready to Apply in Maine?
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Title Loans Union Editorial Team
Loan Regulations & Guides
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
ME Bureau of Consumer Credit Protection