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Lending Laws of Maine

By law, payday loans are prohibited in the state of Maine. Lenders in this state must possess a license to deposit checks into someone's account and the state sets a minimum fee for cashing a post-dated check.

If payday loans are not available where you live, use our city pages to help locate a check cashing service and other financial products, if available.

Maine (ME)

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About Maine

Maine is the northeast-most state in the United States. The capital is Augusta, although the city of Portland, farther south, is the largest in the state. Maine became the 23rd state, on March 15, 1820. It was previously a part of Massachusetts. Commercial Fishing, including lobster trapping, is a traditional and still vital part of the coastal economy. Tourism is a large industry in southern Maine because of its many beaches and picturesque coastal villages. Southern Maine is the part of the state that has the most people. Many other areas, to the North, are far more rural.

The municipalities of Eastport and Lubec are the easternmost city and town in the United States. Estcourt Station is Maine's northernmost point and also the northernmost point in the New England region of the United States.

Maine's "Moosehead Lake" is the biggest lake that is completely in New England (Lake Champlain is located between Vermont and New York, which is not considered part of New England). A number of other Maine lakes, like as South Twin Lake, are said by Thoreau. Mount Katahdin is both the northern terminus of the Appalachian Trail, which extends to Springer Mountain, Georgia, and the southern terminus of the new "International Appalachian Trail" which, when finished, will run to "Belle Isle", Newfoundland and Labrador.

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