138 chapters · 841 sections in this title.
10 M.R.S. § 1123 Scope
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1. Application. Except as provided in subsection 2, this chapter applies to any agreement signed in connection with a consumer loan or consumer lease entered into in this State between a consumer who is a resident of this State at the time of the loan or lease and a supervised le…
10 M.R.S. § 1124 Requirements for agreements
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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. Meaningf…
10 M.R.S. § 1125 Enforcement
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A supervised lender's or lessor's failure to comply with the requirements of section 1124 shall constitute a violation of Title 9‑A which shall be enforceable under Title 9‑A, section 6‑108.
10 M.R.S. § 1126 Certification of compliance
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1. Certification. A supervised lender or lessor, or any trade organization or association acting on behalf of supervised lenders or lessors, may submit any proposed form of agreement to the Office of Consumer Credit Regulation or, in the case of forms of agreement from supervised…