‘Sec. 1. 9-A MRSA §2-401, sub-§2, as amended by PL 1997, c. 727, Pt. B, §10, is further amended to read:
(i) 30% 28% per year on that part of the unpaid balances of the amount financed that is $2,000 $3,000 or less . No origination fees may be charged on a loan of $3,000 or less;
(ii) 24% per year on that part of the unpaid balances of the amount financed that is more than $2,000 $3,000 but does not exceed $4,000 $8,000; and
(iii) 18% per year on that part of the unpaid balances of the amount financed that is more than $4,000 $8,000.
Notwithstanding paragraph A, with respect to a consumer loan in which the amount financed exceeds $8,000 $12,000, a lender may not contract for and receive a finance charge calculated according to the actuarial simple interest method in excess of 18% per year on the entire amount of the loan. A lender may not use the precomputed method of calculating a finance charge pursuant to this subsection.’