A creditor or a person acting for a creditor may not induce a consumer to enter into a consumer credit transaction by misrepresentation of a material fact with respect to the terms and conditions of the extension of credit. A consumer so induced may rescind the sale, lease or loan or recover actual damages, or both.
Misrepresentation
9-A M.R.S. § 5-115, under Article 5: REMEDIES AND PENALTIES.
9-A M.R.S. § 5-115