Requirements for agreements

10 M.R.S. § 1124, under CONSUMER LOAN AND LEASE AGREEMENTS.

10 M.R.S. § 1124

After October 1, 1982, every consumer loan agreement, and after January 1, 1987, every consumer lease agreement, shall be: [PL 1985, c. 763, Pt. A, §71 (AMD).]

1. Plain language. Written in a clear and coherent manner using words with common and everyday meanings; and

2. Meaningful arrangement. Appropriately divided and captioned by its various sections.