Maine Revised Statutes Title 17 Sec. 702 – Budget planning, defined
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Terms Used In Maine Revised Statutes Title 17 Sec. 702
- Contract: A legal written agreement that becomes binding when signed.
“Budget planning” means the making of a contract with a particular debtor, when the debtor agrees to pay a certain amount periodically to the person engaged in the budget planning, who shall distribute the same to a certain specified creditor or among certain specified creditors in accordance with a plan agreed upon by the debtor. [PL 1999, c. 560, §2 (AMD).]
SECTION HISTORY
PL 1999, c. 560, §2 (AMD).